Rosenblatt Raises Price Target for Coherent Following Strong Data Center Revenue Growth
On May 7, Rosenblatt upgraded its price target on Coherent (COHR) from $375 to $425 while maintaining a 'Buy' rating. The firm cited strong Q3 FY2026 results driven by a 40% year-over-year increase in data center revenue and improved financial performance.
Tickers: $COHR
Topics: data centers earnings report optical networking stock