JPMorgan's View on Coherent Corp. (COHR)
JPMorgan's View on Coherent Corp. (COHR).
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On June 22, JPMorgan reiterated its Overweight rating after hosting meetings with Coherent Corp. (NYSE:COHR) management. The firm reported that the company described aggregate datacom pricing as healthy, with demand continuing to outpace supply and adoption cycles remaining compressed.
JPMorgan reported that the company's management is on track with rolling out its new "co-packaged optics" technology. The firm still expects to start making significant money from this technology in the second half of 2026 as customers begin using it on a larger scale. Revenue is expected to grow even further in the second half of 2027 as customers fully expand their systems. The firm also mentioned that this timeline might move faster than expected.
On June 2, Raymond James raised its price target on Coherent Corp. (NYSE:COHR) to $435 from $371. The firm maintained a "Strong Buy" rating on the stock . In a note, the firm stated the company is in a great position across artificial intelligence data center interconnect architectures. The firm said Coherent's broad optical technology portfolio and intellectual property remain underappreciated, with more upside possible from both transceiver and non-transceiver sales.
Coherent Corp. (NYSE:COHR) produces, refines, manufactures, and markets engineered materials, optoelectronic components and devices, and lasers for the industrial, communications, electronics, and instrumentation markets. It works through networking, materials, and laser areas.
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Sinergia Empresarial continuará el seguimiento de esta información sobre jPMorgan's View on Coherent Corp. (COHR) y ampliará la cobertura conforme se confirmen nuevos elementos relevantes para el ecosistema empresarial.
