TD Cowen analyst Sean O’Loughlin initiated coverage of Coherent (COHR) with a Buy rating and $330 price target The firm sees Coherent as “a key beneficiary” of accelerating AI infrastructure demand, with growth tailwinds from 800G/1.6T adoption, the analyst tells investors. The defensive nature of its hybrid manufacturing model leveraging both external and internal lasers is “underappreciated in the context of InP build-out concerns,” the analyst added.
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