Jefferies raised the firm’s price target on Coherent (COHR) to $375 from $350 and keeps a Buy rating on the shares after its Q3 earnings beat. The firm is citing the company’s record Bookings and Backlog plus Long-Term Agreements now stretching into 2030, the analyst tells investors in a research note. The growth story should continue to broaden from here with opportunities in Optical Circuit Switches, Multi-Rail, and the new data center Thermal portfolio offering additional upside into F27 and beyond, the firm added.
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- Needham’s Sean O’Loughlin Reiterates Buy on Coherent, Lifts Price Target to $395 on 6″ InP Capacity Ramp and Datacenter Growth Outlook
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