5 Best Photonic Computing Stocks to Buy Now

1. Coherent Corp. (NYSE:COHR)

Coherent Corp. (NYSE:COHR) is among the Best Photonics Stocks. 

On June 11, JPMorgan’s Samik Chatterjee flagged a nearly 20% pullback in shares of Coherent Corp. (NYSE:COHR) and Lumentum from early June highs. The firm noted “a host of concerns,” including limited summer catalysts and fears of delays in co-packaged optics adoption. The analyst called the setup increasingly attractive as “once-lofty optical premiums” reset. He reiterated the “Overweight” ratings and stated that the channel checks suggest adoption remains on track.

Earlier, on May 13, BofA bumped up its price target on Coherent Corp. (NYSE:COHR) to $400 from $365. The firm maintained a “Neutral rating” on the shares. It highlighted a growing 2030 AI data center market estimate of $1.7 trillion, up from $1.4 trillion. The firm also said 2026 should bring booming AI sales and returns, with efficiency gains surfacing in 2027.

Separately, company guidance outlined fourth-quarter fiscal year 2026 expectations, projecting revenue of $1.91 billion to $2.05 billion and non-GAAP EPS of $1.52 to $1.72.

Coherent Corp. (NYSE:COHR) produces, refines, manufactures, and markets engineered materials, optoelectronic components and devices, and lasers for the industrial, communications, electronics, and instrumentation markets. It works through networking, materials, and laser areas.

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