Coherent Corp ( (COHR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Coherent Corp’s stock is on the rise due to a strengthened partnership with Apple. The new multiyear strategic supply agreement to produce VCSELs for Apple devices has boosted investor confidence and expectations for Coherent’s future performance. Analysts have positively adjusted Coherent’s price targets, emphasizing the company’s crucial role in Apple’s technological advancements and its growing market presence.
More about Coherent Corp
YTD Price Performance: 6.52%
Average Trading Volume: 2,943,392
Technical Sentiment Signal: Buy
Current Market Cap: $16.41B
For further insights into COHR stock on TipRanks’ Stock Analysis page.
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