Coherent (COHR) Is Building Momentum Across Telecom and Optical Markets, Says Susquehanna

Coherent Corp. (NYSE:COHR) is one of the best high-beta stocks to buy now. On August 14, Susquehanna analyst Christopher Rolland reiterated a Buy rating on Coherent Corp. (NYSE:COHR) with an unchanged price target of $120. The analyst acknowledged softness in the data communications segment but noted that portfolio optimization, including the planned divestiture of the Aerospace and Defense business, should sharpen the company’s focus on core growth areas.

Rolland highlighted ongoing strength in 800G transceivers and Optical Circuit Switch revenues, with expectations for continued expansion into 2026. Coherent Corp. (NYSE:COHR) is also scaling its indium phosphide production and recently began operations at its new Texas facility, a move that supports its partnership with Apple.

Further momentum is evident across telecom and industrial markets, both of which delivered better-than-expected performance. Rolland cited steady demand for silicon carbide as a key factor behind his positive outlook, which supports the reiterated Buy rating and confidence in the company’s long-term growth path.

Coherent Corp. (NYSE:COHR) specializes in the development and manufacturing of engineered materials, networking products, optoelectronic components, and optical and laser systems for various industries, including industrial, communications, electronics, and instrumentation.

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Disclosure: None. This article is originally published at Insider Monkey.