• COHR is trading 4.6% down at $376.18 today, largely due to profit-taking after recent significant gains and a fresh GuruFocus analysis indicating the stock is significantly overvalued.
  • The prior rally was supported by a Bank of America price target hike to $400 and growing optimism regarding high-speed transceiver demand in AI infrastructure.
  • The decline was also potentially exacerbated by slight weakness in broader index futures and the optical communication sector.