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Coherent's stock rose 3.8% after Morgan Stanley increased its price target to $180, citing strong demand from AI data centers.
Optical components maker Coherent (COHR) has climbed 74.2% year-to-date on AI optimism, but a new analysis suggests its stock is now 15.5% overvalued based on discounted cash flow models.
Zacks Investment Ideas featured optical component manufacturers Lumentum, Coherent, and Fabrinet in a recent analysis.
Bank of America identified Nvidia and Broadcom as its top semiconductor stock picks for 2026, citing sustained growth in AI-related infrastructure spending.
Jim Cramer highlighted Caterpillar (CAT) as a key beneficiary of lower interest rates and the ongoing expansion of data center infrastructure. The company is positioned at the intersection of favorable monetary policy and the secular growth trend of artificial intelligence.
Coherent Inc. announced a significant manufacturing milestone for its 300mm silicon carbide (SiC) wafer platform, positioning the company as a key materials supplier for the power-hungry artificial intelligence (AI) datacenter market. The news prompted a significant rally in its stock, though questions about valuation remain amid broader market volatility.
Bain Capital has initiated a secondary block sale of 5 million shares of Coherent (COHR), managed by Goldman Sachs. The offering, priced at a discount, has created significant downward pressure on the stock price due to increased supply and negative investor sentiment.