Coherent Corp (COHR) Gained 5.84% on January 2

Company Overview - Coherent Corp. (NYSE:COHR) is a vertically integrated manufacturer specializing in lasers, optical transceivers, optoelectronic devices, modules, and engineered materials [4]. Stock Performance - The stock gained 5.84% on January 2, 2026, continuing the AI rally, and has increased more than 120% over the past 6 months [1]. - Wall Street maintains a positive outlook on the stock, with President's Capital Management initiating coverage with a Buy rating and a $300 price target [2]. Analyst Insights - Meta Marshall from Morgan Stanley raised the price target from $150 to $180 while reiterating a Hold rating, attributing the stock's performance in 2025 to the expansion of AI trade into various subsectors, including AI infrastructure and optical technology [2]. - Analysts expect the trend of AI-related growth to continue into the first half of 2026 [2]. Product Development - Coherent Corp. announced advancements in its 300mm silicon carbide (SiC) wafer platform to meet the increasing thermal efficiency demands in AI datacenters [3]. - The new 300mm SiC wafers are designed for better thermal management, offering low resistivity, high homogeneity, and scalability benefits, which are crucial for energy efficiency in AI datacenters [3].