May. 13 at 11:00 AM
$COHR Coherent price target raised to
$400 from
$365 at BofA
BofA raised the firm's price target on Coherent to
$400 from
$365 and keeps a Neutral rating on the shares. The firm updated its calendar year 2030 AI data center systems total addressable market outlook to about
$1. 7T from
$1.4T previously estimated, stating that 2026 will continue to be a year of accelerating AI sales and ROIs and that 2027 could see improving tokenomics/efficiency as new architecture compute and memory systems ramp.