BofA raised the firm’s price target on Coherent (COHR) to $125 from $120 and keeps a Buy rating on the shares after a sales and EPS beat in fiscal Q2 and Q3 outlook raise. The firm expects continued growth for Coherent’s differentiated AI optics portfolio inside a transceiver market where demand still materially outpaces supply, the analyst tells investors. The firm raised its calendar 2025 and 2026 pro-forma EPS estimates by 7% and 3% to $3.87 and $4.76, respectively.
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