Stifel raised the firm’s price target on Coherent (COHR) to $275 from $235 and keeps a Buy rating on the shares. The company’s Technology Innovation Briefing at OFC 2026, coming two weeks after Nvidia’s (NVDA) $2B strategic investment and multi-billion dollar purchase commitment, reinforced its position as a broad vertically integrated photonic platform benefitting from the capex supercycle driven by the AI datacenter build out, the analyst tells investors.
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