15 AI News You Missed This Week

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14. Coherent Corp. (NYSE:COHR)

Market Capitalization: $16 Billion

Coherent Corp. (NYSE:COHR) develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwide. On November 8, Stifel raised the price target on the stock to $120 from $85 and kept a Buy rating on the shares after the company’s Q1 revenue came in modestly above guidance and consensus expectations and Q2 revenue guidance was also slightly above consensus estimates. The advisory now looks forward to the company’s investor day in late May 2025, where it expects details on longer-term strategy and financial targets.

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