Stifel raised the firm’s price target on Coherent (COHR) to $118 from $100 and keeps a Buy rating on the shares after the company posted fiscal Q4 revenue and adjusted EPS above consensus estimates. Considering ongoing strength in 800G and 1.6T, and emerging opportunities, the firm remains confident in Coherent’s ability to continue capturing market share, the analyst tells investors.
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Read More on COHR:
- Coherent Corp: Buy Rating Affirmed Amid Strong Datacom Growth and Long-term Potential
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