Coherent Corp (COHR) Gained 5.84% on January 2

Coherent Corp. (NYSE:COHR) is one of the Best Unstoppable Growth Stocks to Buy Right Now. The stock gained 5.84% on January 2 as the AI rally continues in 2026. The stock has gained more than 120% over the past 6 months. Wall Street maintains a positive outlook on the stock.

On December 31, President’s Capital Management initiated Coherent Corp. (NYSE:COHR) with a Buy rating and $300 price target. Earlier on December 17, Meta Marshall from Morgan Stanley raised the price target on the stock from $150 to $180, while reiterating a Hold rating on the stock. Analysts at Morgan Stanley believe that the stock performance in 2025 was driven by the expansion of AI trade out of the semiconductors to other subsectors, including AI infrastructure and optical technology companies such as Coherent Corp. (NYSE:COHR). The firm sees the trend continuing in the first half of 2026.

That said, the company has been expanding its portfolio to meet the growing demand from AI and data centers. On December 3, Coherent Corp. (NYSE:COHR) announced a breakthrough in its 300mm silicon carbide (SiC) wafer platform to address the increasing thermal efficiency demands in AI datacenters. Management noted that advancements build on the existing 200mm SiC expertise to produce larger wafers designed for better thermal management in AI datacenters. The 300mm SiC offers low resistivity and defect density, high homogeneity and thermal stability, and scalability benefits. Moreover, management also highlighted that these properties directly address AI datacenter demands for energy efficiency, as higher thermal loads from GPUs and accelerators strain traditional silicon-based solutions.

Coherent Corp. (NYSE:COHR) is a vertically integrated manufacturer specializing in lasers, optical transceivers, optoelectronic devices, modules, and engineered materials.

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