Needham cuts target for CooperCompanies stock from USD 86.00 to USD 73.00
Published on 10/01/2026 at 16:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
CooperCompanies (ISIN US2166485019) was trading at EUR 50.10 at Lang & Schwarz on October 1, 2026 at 3:42 p.m. CEST. According to MarketBeat on September 10, 2026, Needham cut its target for CooperCompanies stock from USD 86.00 to USD 73.00 while keeping a Buy rating.
Buyback reaches USD 3 billion
The capital-allocation response is substantial. In its fiscal third-quarter release dated September 9, 2026, CooperCompanies said the board expanded its share-repurchase authorization from USD 2.00 billion to USD 3.00 billion.
The company repurchased USD 339.10 million of common stock during the fiscal third quarter and said USD 1.50 billion remained available under the program. That gives the buyback a clear numerical scale, although the release also reported that CooperVision revenue was flat at USD 717.00 million while CooperSurgical revenue rose 2.00 percent to USD 349.20 million.
Guidance trails earnings expectations
CooperCompanies reported fiscal third-quarter revenue of USD 1.066 billion, up 1.00 percent from the year-earlier quarter. Non-GAAP diluted earnings per share reached USD 1.15, up 4.00 percent year over year, while free cash flow increased 66.00 percent to USD 273.00 million, according to the September 9 release.
The forward picture is less comfortable. Fiscal 2026 non-GAAP diluted earnings per share guidance is USD 4.51 to USD 4.55, versus the USD 4.63 consensus cited by MarketBeat on September 10, 2026. The gap matters because the company is pairing modest revenue growth with an earnings outlook below expectations.
Stock remains near yearly low
On the Nasdaq, COO was last at USD 56.18 on October 1, 2026 at 9:59 a.m. ET. The same primary-listing context shows a 52-week range of USD 51.01 to USD 89.83 and market capitalization of USD 11.0 billion, putting the share price much closer to its yearly low than its high.
Price holds above prior close
CooperCompanies stock was trading at EUR 50.10 at Lang & Schwarz on October 1, 2026 at 3:42 p.m. CEST, plus 0.42 percent versus the prior close of EUR 49.89 on September 30, 2026. The further course of trading is shown by the continuously updated real-time quote of CooperCompanies stock.
CooperCompanies stock facts
- Company: The Cooper Companies, Inc.
- ISIN: US2166485019
- Ticker: COO
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 1, 2026, 3:42 p.m. CEST): EUR 50.10
- Change versus prior close: plus 0.42 percent
- Prior close Lang & Schwarz (September 30, 2026): EUR 49.89
- Market capitalization: USD 11.0 billion (as of October 1, 2026)
- 52-week range: USD 51.01-89.83 (as of October 1, 2026)
- Sector / Industry: Healthcare / Medical Instruments and Supplies
