BofA Raises its Price Target on Coherent (COHR)

On May 13, 2026, BofA raised the firm’s terms people connected Coherent Corp. (NYSE:COHR) to $400 from $365 portion maintaining a Neutral standing connected the shares. The steadfast updated its 2030 AI information halfway systems full addressable marketplace estimation to astir $1.7T from $1.4T previously, saying 2026 should stay a twelvemonth of accelerating AI-related income and returns connected investment, portion 2027 could payment from improving token economics and ratio arsenic next-generation compute and representation architectures ramp.

Meanwhile, TD Cowen expert Sean O’Loughlin raised the firm’s terms people connected Coherent Corp. (NYSE:COHR) to $395 from $340 portion maintaining a Buy standing connected the shares. The steadfast said the company’s mostly in-line quarterly results and guidance whitethorn person initially disappointed investors, though management’s assured commentary astir its 6-inch accumulation ramp should reenforce expectations for a meaningful inflection successful datacenter and communications gross successful fiscal 2027.

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On May 6, 2026, Coherent Corp. (NYSE:COHR) reported Q3 EPS of $1.41, versus the statement estimation of $1.39. Revenue totaled $1.81B, versus the statement estimation of $1.78B. CEO Jim Anderson said the institution delivered different 4th of accelerating gross growth, expanding margins, and improving profitability, driven chiefly by beardown request crossed its datacenter and communications businesses. Anderson added that Coherent is rapidly expanding manufacturing capableness to conscionable increasing AI infrastructure request and believes its photonics portfolio and manufacturing standard presumption the institution good for a multi-year maturation 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.

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