Coherent (COHR) Stock Gets $105 PT and Maintains Outperform Rating

Coherent Corp. (NYSE:COHR) is one of the Buzzing AI Stocks on Wall Street.  On August 14, Northland raised the firm’s price target on the stock to $105 from $95 and kept an Outperform rating on the shares. The rating affirmation follows “slightly better” than expected fiscal Q4 results.

According to the analysts, Coherent headed into earnings trading at a 35% discount to peers Lumentum and Fabrinet (FN).

However, it noted that “the kind of revelry” seen from Lumentum this earnings season “was not in evidence.” The firm further said that it “would look to take advantage of sharp after market weakness in the shares.”

A financial analyst in a suit analyzing a chart of investments in the US fixed income markets.

Coherent Corp. (NYSE:COHR) is an American manufacturer of optical materials and semiconductors.

READ NEXT: 10 AI Stocks In The Spotlight For Investors and 10 AI Stocks Making Headlines This Week

Disclosure: None.