10 Best NYSE Stocks to Buy for Long Term Investment

8. Coherent Corp. (NYSE:COHR)

3-Year Revenue CAGR: 20.00%

Number of Hedge Fund Holders: 61

Coherent Corp. (NYSE:COHR) is one of the best NYSE stocks to buy for long term investment. On June 24, Coherent announced the introduction of its new ACE FL series. This thulium fiber laser/TFL system is engineered for therapeutic medical applications, with a primary focus on lithotripsy and the treatment of benign prostatic hyperplasia/BPH.

The two-micron ACE FL system offers greater procedural efficiency when compared to older laser technologies such as holmium:YAG systems. Thulium fiber lasers include superior cutting precision for BPH enucleation, which is a compact design to facilitate OEM integration, and improved energy efficiency.

The ACE FL platform uses proprietary fiber designs and manufacturing capabilities to offer OEM partners a scalable and high-performance solution for developing next-gen surgical tools. Coherent also simplifies integration by combining the power of the ACE FL series with its established disposable fiber assemblies. Coherent plans to showcase the ACE FL at the LASER World of Photonics Munich 2025 event.

Coherent Corp. (NYSE:COHR) develops, manufactures, and markets engineered materials, optoelectronic components & devices, and optical & laser systems and subsystems for the industrial, communications, electronics, and instrumentation markets.