12 Best Scientific Instruments Stocks to Buy Right Now

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3. Coherent Corp. (NYSE:COHR)

Number of Hedge Fund Holders: 71

Coherent Corp. (NYSE:COHR) is a vertically integrated manufacturing company specializing in engineered materials, optoelectronic components, and lasers, serving a wide range of industries including industrial, communications, electronics, and instrumentation. It is among the best scientific instruments stocks to invest in.

The company recently launched a high-power F-theta lens, designed to improve processing speeds in additive manufacturing, EV battery welding, and laser cleaning, offering versatility across multiple wavelengths. Additionally, Coherent Corp. (NYSE:COHR)  introduced the CT-Series thermoelectric coolers, enhancing thermal performance for life sciences, medical, and industrial applications. These developments underscore the company’s commitment to driving innovation and expanding its leadership in materials and laser technologies.

Coherent Corp. (NYSE:COHR) reported strong financial results for its fiscal second quarter of 2025, with revenue reaching $1.43 billion, marking a 27% year-over-year increase. GAAP EPS of $0.44 represented a significant year-over-year improvement of $0.82, while non-GAAP EPS surged by $0.69 to $0.95. The company also made strides in cash generation and debt reduction, paying down $132 million of outstanding debt during the quarter, further strengthening its financial position.

Morgan Stanley analyst Meta Marshall maintains a Hold rating on Coherent Corp. (NYSE:COHR), while raising the price target from $110 to $115.

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