Susquehanna raised the firm’s price target on Coherent (COHR) to $160 from $150 and keeps a Positive rating on the shares. The firm said they posted significantly better results and guidance on better transceivers, helped by improving InP laser supply. Data Center was better than expected on the expanding 800G cycle.
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Read More on COHR:
- Coherent price target raised to $150 from $120 at Morgan Stanley
- Coherent downgraded to Market Perform from Outperform at Northland
- Coherent price target raised to $168 from $140 at Stifel
- Coherent price target raised to $170 from $135 at Barclays
- Coherent Corp’s Strong Performance and Growth Potential in AI and Cloud Markets Drives Buy Rating