Coherent Corp: Strong Financial Performance and Growth Prospects Justify Buy Rating Despite Macroeconomic Concerns

Benchmark Co. analyst Mark Miller maintained a Buy rating on Coherent Corp (COHR – Research Report) today and set a price target of $95.00.

Mark Miller has given his Buy rating due to a combination of factors including Coherent Corp’s strong financial performance and promising growth prospects. The company reported impressive results for the third fiscal quarter of 2025, with record sales driven by robust demand from datacenters. Additionally, Coherent’s new product offerings and efforts to improve margins are expected to further fuel growth, with earnings projected to rise significantly in the fiscal year 2026.
Despite some visibility concerns due to macroeconomic factors, which led to a reduction in the target price, Coherent’s performance in key segments such as networking and telecom has been strong. The company has also implemented a program to enhance margins through pricing optimization and cost reductions. Furthermore, Coherent’s global presence with minimal impact from tariffs adds to its favorable outlook, supporting the Buy rating.

In another report released today, Barclays also maintained a Buy rating on the stock with a $80.00 price target.