Morgan Stanley Trims Coherent (COHR) Price Target, Cites "Underwhelming" Outlook

Coherent Corp. (NYSE:COHR) is one of the AI Stocks On Wall Street’s Radar. On August 14, Morgan Stanley lowered the firm’s price target on the stock to $89 from $97 and kept an Equal Weight rating on the shares.

According to the analysts, Q4 EPS was better than Street estimates. However, Coherent’s results and outlook were “underwhelming.” This is particularly true considering how the stock jumped 20% the last month and elevated expectations based on other AI-related prints.

Morgan Stanley believes that the stock is likely “to remain in the penalty box for now.”

Coherent Corp. (NYSE:COHR) is an American manufacturer of optical materials and semiconductors.

While we acknowledge the potential of COHR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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