Coherent Corp. (NYSE:COHR) is one of the
10 Fastest Growing S&P 500 Stocks to Buy Now.
On May 13, 2026, BofA raised the firm’s price target on Coherent Corp. (NYSE:COHR) to $400 from $365 while maintaining a Neutral rating on the shares. The firm updated its 2030 AI data center systems total addressable market estimate to approximately $1.7T from $1.4T previously, saying 2026 should remain a year of accelerating AI-related sales and returns on investment, while 2027 could benefit from improving token economics and efficiency as next-generation compute and memory architectures ramp.
Meanwhile, TD Cowen analyst Sean O’Loughlin raised the firm’s price target on Coherent Corp. (NYSE:COHR) to $395 from $340 while maintaining a Buy rating on the shares. The firm said the company’s largely in-line quarterly results and guidance may have initially disappointed investors, though management’s confident commentary around its 6-inch production ramp should reinforce expectations for a meaningful inflection in datacenter and communications revenue in fiscal 2027.
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On May 6, 2026, Coherent Corp. (NYSE:COHR) reported Q3 EPS of $1.41, versus the consensus estimate of $1.39. Revenue totaled $1.81B, versus the consensus estimate of $1.78B. CEO Jim Anderson said the company delivered another quarter of accelerating revenue growth, expanding margins, and improving profitability, driven primarily by strong demand across its datacenter and communications businesses. Anderson added that Coherent is rapidly expanding manufacturing capacity to meet growing AI infrastructure demand and believes its photonics portfolio and manufacturing scale position the company well for a multi-year growth cycle.
Coherent Corp. (NYSE:COHR) develops, manufactures, and markets engineered materials, optoelectronic components, devices, and laser systems for industrial, communications, electronics, and instrumentation markets worldwide.
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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