Raymond James reiterated a "Strong Buy" rating for Coherent Corp. The firm raised its price target from $371 to $435. This update occurred on July 2, 2026. The firm expressed strong confidence in Coherent's future performance and growth potential.
The analyst noted Coherent is well-positioned to capitalize on the expansion of AI data center infrastructure. Raymond James believes Coherent's broad portfolio of optical technology and intellectual property is underappreciated. This offers potential upside from sales of transceivers and other related components.
This positive assessment occurred despite a broader tech sell-off on the same day. Coherent's shares fell significantly during this period.