13 AI News You Probably Missed

Page 2 of 13

12. 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, Barclays analyst Tom O’Malley raised the price target on the stock to $105 from $85 and kept an Overweight rating on the shares. The analyst said the company’s better revenue trajectory has been offset by higher spend and lower gross margins with the promise of more visibility on strategic action by May being a key takeaway.

Page 2 of 13