30 AI News Investors Should Not Miss

27. Coherent Corp. (NYSE:COHR)

Number of Hedge Fund Holders: 47 

Coherent Corp. (NYSE:COHR) develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwide. Bank of America analyst Vivek Arya recently raised the price target on the stock to $108 from $90 and kept a Buy rating on the shares. The advisory saw a path towards about $6 in calendar year 2026 pro-forma EPS for Coherent Corp. (NYSE:COHR), which it noted was 50% and 33%, respectively, above current consensus and the forecast of $4.50 and $4.10. The firm’s scenario analysis suggested Coherent’s total sales would grow at a faster 14%-17% compound annual growth rate from calendar 2024-26, well-above the 11% current forecast, driven by maintaining its 20%-25% share in AI optical transceivers and a cyclical recovery in non-AI markets.