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9 stories mentioning COHR

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Wire

Market Chatter: Musk, CEOs Trump's China Trip Pressed Beijing on Export, Supply Issues

Tesla (TSLA) CEO Elon Musk joined President Donald Trump on his recent trip to China in hopes of persuading Beijing to unblock exports of high-end solar manufacturing equipment from a Chinese supplier to the electric-vehicle maker's factories, the New York Times reported Thursday, citing a person familiar with the matter.Coherent (COHR), a Pennsylvania-based semiconductor company represented on the trip, has been trying to obtain indium phosphide, a material needed to make photonic chips for data centers, the report said.The delegation also included executives from Boeing (BA), Apple (AAPL) and Nvidia (NVDA), the report said.Tesla and Coherent didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $419.47, Change: $+2.21, Percent Change: +0.53%

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Wire

Rothschild & Co Redburn Adjusts Price Target on Coherent to $461.96 From $455, Maintains Buy Rating

Coherent (COHR) has an average rating of overweight and mean price target of $384.12, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $358.19, Change: $-24.26, Percent Change: -6.34%

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Wire

Top Midday Gainers

B. Riley adjusted its price target on Vishay Precision Group (VPG) to $109 from $63 while maintaining the stock's buy rating.Shares advanced 18%, with intraday trading volume at over 846,000 from a daily average of about 248,000.Bank of America raised its price target on Coherent (COHR) to $400 from $365, while keeping its neutral rating.Shares advanced 10% as intraday trading volume stood at 4.67 million, compared with a daily average of about 7.58 million.Alibaba (BABA) shares rose 8% amid heavy trading after the company reported a year-over-year jump in fiscal Q4 revenue on Wednesday.More than 30.0 million shares traded intraday compared with a daily average of about 10.5 million.Price: $101.06, Change: $+15.49, Percent Change: +18.10%

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Research

Research Alert: CFRA Maintains Buy Opinion On Shares Of Coherent Corp.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our target by $55 to $412, 41x our CY 27 EPS estimate of $10.06, above COHR's three-year average of approximately 20x as significant AI demand has improved growth and visibility well beyond historical levels. We lower our FY 26 (Jun.) EPS by $0.13 to $5.48, increase FY 27's by $0.74 to $8.32, and lift FY 28's by $2.31 to $11.91. COHR is, impressively, a full quarter ahead of schedule in hitting its initial goal of doubling indium phosphide (InP) production capacity in CY 26. The company is also ambitiously projecting another doubling of InP capacity in CY 27, which - as the main supply constraint for COHR's advanced AI products - offers significant upside to sales growth and margin expansion, in our view. We also like that COHR has inked additional long-term agreements for CPO-related products with major data center/systems customers following the NVDA agreement announced in March, which should continue to improve visibility and lead to smoother growth results, with orders now extending through CY 28.

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Wire

Coherent's Gross Margin Pickup Falling Short of Expectations, Morgan Stanley Says

Coherent's (COHR) gross margin pickup is falling short of investor expectations and is likely to cause some digestion in the near term, Morgan Stanley analysts said in a Thursday note.Analysts said that Coherent's quarterly earnings report and call showed improvements in sequential revenue as capacity scales. Morgan Stanley said it does not expect the company to face constraints as it scales other businesses.Analysts said, however, that they have not yet seen material step-ups in the company's gross margins, even as its telecommunications portfolio reprices.Morgan Stanley raised its 2026 adjusted earnings estimate for the company to $5.48 from $5.42. Analysts polled by FactSet expect $5.44.Analysts retained an equalweight rating on the stock and raised its price target to $330 from $290.Price: $325.93, Change: $-18.74, Percent Change: -5.44%

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Research

Research Alert: Cohr's Results/guidance Beat Modestly, Led By Continued Data Center Momentum

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:COHR reported Q3 FY 26 revenue of $1.81B (+21% Y/Y), beating consensus of $1.78B, while non-GAAP EPS of $1.41 (+55% Y/Y) exceeded the Street's $1.39 view. Datacenter & Communications revenue accelerated to 41% Y/Y growth, representing 75% of sales, while Industrial revenue declined 2% on a pro forma basis amid macro headwinds. We view the impressive margin expansion as validation of strong operational execution, with non-GAAP gross margin reaching 39.6% (+105 bps Y/Y) and operating margin hitting 20.3% (+163 bps Y/Y). Q4 guidance exceeded expectations with revenue midpoint of $1.98B (+29% Y/Y) and non-GAAP EPS of $1.62 (+62%) vs. consensus of $1.91B and $1.54. We believe CPO momentum continues building with an exceptionally large purchase order secured and NVDA's equity investment providing additional validation. We expect the planned doubling of InP capacity by 2027 to unlock further growth as higher-margin 1.6T transceivers and 6-inch wafers drive favorable product mix.

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Research

Rothschild & Co Redburn Initiates Coherent at Buy With $455 Price Target

Coherent (COHR) has an average rating of overweight and mean price target of $320.02, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Research

Research Alert: CFRA Maintains Buy Rating On Shares Of Coherent Corp.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our price target from $246 to $357, 41x our CY 2027 EPS view ($8.70), well above COHR's three-year average (~20x) given substantial AI demand and above our prior view (31x) on emerging upside in co-packaged optics (CPO). We keep our FY 26 (Jun.) EPS view at $5.61, lift FY 27's by $0.63 to $7.58, and initiate FY 28's at $9.60. Our price target increase primarily reflects growing NVDA-driven momentum around CPO in recent weeks. On March 2, NVDA announced a $2B equity investment in COHR alongside a multibillion-dollar, multiyear purchase commitment revolving around CPO/silicon photonics innovation. At GTC 2026 in mid-March, NVDA also provided a view of future computing platforms that would be much more CPO-heavy relative to copper, with CPO set to be used (rather than copper) for a portion of interconnects on the Rubin Ultra platform (2027) and 100% of utilization in Feynman (2028) vs. 0% in the Blackwell/Rubin architectures. We see massive upside here, with sales starting to roll in by CYE 2026.

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Research

William O'Neil Initiates Coherent at Buy

Coherent (COHR) has an average rating of overweight and mean price target of $285.53, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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