12 AI News and Ratings You Should Not Miss

9. Coherent Corp. (NYSE:COHR)

Number of Hedge Fund Holders: 47

Coherent Corp. (NYSE:COHR) is an American manufacturer of engineered materials and optoelectronic components. The stock has gained popularity due to its potential for growth driven by artificial intelligence (AI) initiatives. In particular, its datacom transceivers have been valuable for data-center connectivity.

On November 7, Craig-Hallum raised the firm’s price target on Coherent Corp. (NYSE:COHR) to $120 from $85 and kept a “Buy” rating on the shares. Coherent Corp. (NYSE:COHR) reported impressive Q1 fiscal 2025 results with revenue of $1.35 billion- a 28% year-over-year increase­­-fueled by strong AI-related datacom transceiver growth. According to the firm, Coherent Corp. (NYSE:COHR)’s robust AI-driven quarter hasn’t been surprising. However, an increase in gross margin wasn’t anticipated and will likely appeal to investors as a positive sign.

“We delivered solid growth in the September quarter on both a sequential and year-over-year basis, driven primarily by our AI-related Datacom transceivers. We also drove higher gross margin and operating margin. I continue to be excited by the opportunity to unlock significant long-term shareholder value.”

-Jim Anderson, CEO, Coherent Corp. (NYSE:COHR)