YahooOctober 1, 2026 at 5:57 PM NY25 Days Ago
Why Coherent (COHR) Stock Is Trading Up Today
Shares of materials and photonics company Coherent (NYSE:COHR) jumped 10.5% in the afternoon session after Bernstein rated the company Outperform with a $350 price target, pointing to optical-module upside as data-center switches move to higher speeds. According to Streetinsider, the firm framed $350 as about 24% upside, valuing the stock at 22× estimated 2028 EPS of $16, and argued optical-module demand should keep expanding with faster networking gear. Bullish AI-infrastructure read-across was
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