Latest Analyst Views on Coatue’s Favorite 33 AI Stocks

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22. Coherent Corp. (NYSE:COHR)

Number of Hedge Fund Holders: 71 

B Riley analyst Dave Kang recently lowered the price target on Coherent Corp. (NYSE:COHR) to $77 from $95 and kept a Neutral rating on the shares following the fiscal Q3 report. COHR develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwide. The reduced target reflects the multiple contraction of the optical group in recent months, the analyst tells investors in a research note. The advisory also remains concerned about the upcoming co-packaged optic headwind.

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