10 Best Military Tech Stocks to Buy Now

2. Coherent Corp. (NYSE:COHR)

Number of Hedge Fund Holders: 61

Market Cap: $16.67 billion

Coherent Corp. (NYSE:COHR) is one of the best military tech stocks to buy now. On July 22, Susquehanna has raised its price target on Coherent Corp. (NYSE:COHR) to $120 from $100 while maintaining a Positive rating. At the current market price of $107.31, the new target implies an upside potential of approximately 11.8%. The revision comes ahead of Q2 results for the semiconductor group, with the firm anticipating in-line to slightly better-than-expected performance.

Key drivers cited include tariff-related demand pull-ins, which may have shifted customer purchases earlier in the cycle, and sustained demand from AI-related applications. Coherent’s exposure to AI-driven optical components and semiconductor equipment positions it to benefit from ongoing infrastructure buildouts.

However, Susquehanna notes uncertainty in the second half of the year. This caution reflects potential weakness in consumer electronics, ongoing geopolitical risks, and unpredictability in export policy related to China. While near-term demand looks solid, longer-term visibility remains limited.

The Positive rating indicates Susquehanna sees the risk-reward skewing favorably, but not without caveats. Investors should watch for updates on backlog trends, customer inventory levels, and potential shifts in capital spending across end markets.

Coherent produces laser systems and photonics used in defense and aerospace applications.