JPMorgan raised the firm’s price target on Coherent to $75 from $70 and keeps an Overweight rating on the shares. The company’s fiscal Q3 results tracked ahead of expectations, led by the strong artificial intelligence datacom ramp, the analyst tells investors in a research note. The firm increased revenue estimates across its forecast horizon, largely on the back of elevated expectations associated with datacom, and and still envisions management achieving 20% operating margins in fiscal 2026.
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