Morgan Stanley Trims Coherent (COHR) Price Target, Cites “Underwhelming” Outlook

Coherent Corp. (NYSE:COHR) is one of the AI Stocks On Wall Street’s Radar. On August 14, Morgan Stanley lowered the firm’s price target on the stock to $89 from $97 and kept an Equal Weight rating on the shares.

According to the analysts, Q4 EPS was better than Street estimates. However, Coherent’s results and outlook were “underwhelming.” This is particularly true considering how the stock jumped 20% the last month and elevated expectations based on other AI-related prints.

Morgan Stanley believes that the stock is likely “to remain in the penalty box for now.”

Morgan Stanley Trims Coherent (COHR) Price Target, Cites “Underwhelming” Outlook

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

While we acknowledge the risk and potential of COHR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than COHR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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