William Blair analyst Jed Dorsheimer has maintained their neutral stance on COHR stock, giving a Hold rating today.
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Jed Dorsheimer has given his Hold rating due to a combination of factors that reflect Coherent Corp’s current market position and strategic initiatives. The company has shown strong momentum at the start of fiscal 2026, particularly benefiting from its role in the AI technology stack. With easing transceiver supply constraints and accelerating demand, Coherent is well-positioned in the market, yet its valuation is seen as aligning with its fundamentals, leading to a Market Perform rating.
Coherent’s strategic focus on its core businesses, including divesting its Aerospace & Defense segment, has improved its gross margin and earnings per share. The introduction of new products, such as the 400 mW CW laser and next-generation 2D VCSEL array, highlights its commitment to innovation in optical networking. These advancements support the company’s role in AI-driven data centers, yet the overall assessment suggests that the current stock price adequately reflects these positive developments, justifying the Hold rating.
In another report released today, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $173.00 price target.