Coherent (COHR) Stock Gets $105 PT and Maintains Outperform Rating

Coherent Corp. (NYSE:COHR) is one of the Buzzing AI Stocks on Wall Street.  On August 14, Northland raised the firm’s price target on the stock to $105 from $95 and kept an Outperform rating on the shares. The rating affirmation follows “slightly better” than expected fiscal Q4 results.

According to the analysts, Coherent headed into earnings trading at a 35% discount to peers Lumentum and Fabrinet (FN).

However, it noted that “the kind of revelry” seen from Lumentum this earnings season “was not in evidence.” The firm further said that it “would look to take advantage of sharp after market weakness in the shares.”

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

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