Wall Street Thinks Coherent's (COHR) Upside Isn't Fully Recognized Yet

Coherent Corp. (NYSE:COHR) is one of the Must-Watch AI Stocks on Wall Street. On December 5, Raymond James raised its price target on the stock to $210.00 from $180.00 while maintaining a “Strong Buy” rating. The firm is optimistic about the optical components manufacturer, anticipating its underappreciated AI exposure to drive continued upside.

“We maintain our Strong Buy rating and raise our price target on Coherent after refining our estimates for new segmentation and updating our sum-of-the-parts analysis.”

Coherent is a leader and critical enabler across multiple AI architectures within and between AI data centers, making it agnostic to operators or Large Language Models. As such, analysts at the firm believe that the value of COHR’s technology breadth and IP are not “fully appreciated.”

Industrial segments have bottomed, and recent strategic actions signal a recovery moving forward. The firm’s estimates remain high-on-the-Street with continued upside seen ahead.

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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