Coherent price target raised to $112 from $90 at Benchmark

Benchmark raised the firm’s price target on Coherent (COHR) to $112 from $90 and keeps a Buy rating on the shares following “upside results” in the September quarter driven by strong Datacom sales. For FY26, continued strength is expected in Datacom driven by AI transceiver sales along with improvements in the Telecom and the Industrial markets along with improving margins, the analyst noted.