Is Coherent (COHR) One of the Hot Tech Stocks to Invest in?

Coherent Corp. (NYSE:COHR) is one of the hot tech stocks to invest in. On December 17, Morgan Stanley analyst Meta Marshall raised the firm’s price target on Coherent to $180 from $150 and maintained an Equal Weight rating on the shares. In 2025, the AI investment landscape expanded beyond just semiconductor stocks, benefiting broader infrastructure players, especially in the optical networking sector. Marshall expects this trend to remain strong through H1 2026. However, the firm cautioned to be more selective as high valuation multiples across the sector make it harder to achieve consistent returns.

Earlier on December 16, Bank of America analyst Vivek Arya raised the firm’s price target on Coherent Corp. (NYSE:COHR) to $210 from $165 and kept a Neutral rating on the shares. The firm notably increased the company’s price targets, citing a persistent supply-demand imbalance driven by overwhelming interest in optical transceivers and components.

Earlier on December 5, JPMorgan raised the firm’s price target on the company to $215 from $180 with an Overweight rating on the shares. The firm raised its financial estimates for optical companies, identifying scale-across and multi-rail opportunities as key growth catalysts. The firm noted that new telecom innovations in metro and long-haul infrastructure are expanding the TAM, which should sustain current high growth rates well into the future.

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

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