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Feb 5, 2026 12:01 PM

Coherent Pivots to Next Gen Manufacturing in a Massive Bid to Capture AI Hypergrowth

Shares of Coherent Corp (NYSE:COHR) were trading under pressure on Thursday, despite the company reporting upbeat quarterly results.

Here are the key analyst insights:

Rosenblatt Securities analyst Mike Genovese reaffirmed a Buy rating, while raising the price target from $220 to $300.

Needham analyst Ryan Koontz reiterated a Buy rating and a $235 price target.

Check out other analyst stock ratings.

Rosenblatt Securities: Coherent's stock came under pressure as its revenue growth and margin expansion in the fiscal second quarter were less impressive than that of Lumentum Holdings Inc (NASDAQ:LITE), Genovese said in a note. The company's results were solid, and the outlook for the fiscal third quarter was strong, he added.

"The company ...