CooperCompanies stock falls after Needham cuts target
Published on 09/10/2026 at 23:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
CooperCompanies stock (ISIN US21664P1039) fell after Needham cut its target to USD 73 from USD 86 on September 10, 2026, while keeping a Buy rating.
Target cuts hit the tape
As MarketBeat reported on September 10, 2026, the new target sits 15 percent below the prior close estimate embedded in the note, and the broader consensus target was USD 75.27. A separate Investing.com report on September 10, 2026, said Needham kept its Buy rating while lowering the target from USD 86 to USD 73.
MarketBeat also said JPMorgan cut its target to USD 58 from USD 71, Piper Sandler lowered its target to USD 59 from USD 86, and Bank of America set a USD 65 target after a prior USD 80 level on September 10, 2026.
Quarterly guidance matters
Yahoo Finance summarized Q3 2026 earnings on September 10, 2026, with revenue of USD 1.1 billion and adjusted EPS of USD 1.15, up 4 percent year on year. The same report said Q4 revenue guidance was USD 1.057 billion to USD 1.08 billion, while full-year FY26 EPS guidance was USD 4.51 to USD 4.55.
That guidance frames the key comparison: Q4 revenue guidance points to 0 percent to 2 percent organic growth, but the full-year EPS range remains below the market estimate cited by the same report.
Stock near the low
CooperCompanies traded at USD 55.01 on September 10, 2026, after a drop of 13.35 percent, with a market capitalization of USD 12 billion, a day range of USD 51.01 to USD 55.41 and a 52-week range of USD 51.01 to USD 89.83.
CooperCompanies overview
- Company: CooperCompanies
- ISIN: US21664P1039
- Ticker: COO
- Trading venue: NASDAQ
- Price (as of September 10, 2026): USD 55.01
- Market capitalization: USD 12 billion (as of September 10, 2026)
- Sector / Industry: Health Care / Medical Devices
- Index membership: S&P 500
