Bernstein starts Coherent stock coverage with USD 350 target
Published on 10/06/2026 at 08:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Coherent stock (ISIN US19247G1076) was trading at EUR 297.70 at Lang & Schwarz on October 6, 2026, at 8:06 a.m. CEST in pre-market dealings, down 0.03 percent versus the prior close of EUR 297.80. On September 30, 2026, Bernstein initiated coverage with an Outperform rating and a USD 350.00 price target, as Business Insider reported.
Bernstein sees AI optics upside
Bernstein described networking and optical companies as structural beneficiaries of expanding artificial intelligence infrastructure. The analyst view also identified a risk: a future capacity overbuild could weaken the favorable supply-demand balance, according to Business Insider.
The valuation case is tied to Coherent's optical components, lasers and integrated systems for data centers and industrial customers. Its own September 21, 2026 release said PhotonLink combines photonics technologies with assembly, testing and manufacturing for next-generation AI infrastructure, as Coherent states.
Revenue beats the estimate
Coherent generated USD 2.05 billion in revenue in the fiscal fourth quarter of 2026, compared with a USD 1.98 billion estimate. The same results summary reported non-GAAP earnings per share of USD 1.74 versus USD 1.62 expected, while fiscal first-quarter 2027 revenue guidance stands at USD 2.20 billion to USD 2.40 billion, according to Investing.com.
The comparison matters because the forecast range points to continued demand after the latest quarterly revenue exceeded expectations by USD 70.00 million. Coherent also expects quarterly revenue to exceed USD 3.00 billion by the end of fiscal 2027, giving investors a measurable test for the AI infrastructure thesis.
Stock opens near EUR 300
At Lang & Schwarz, the EUR 297.70 pre-market price on October 6, 2026 stood EUR 0.10 below the prior close of EUR 297.80. The primary listing is on the NYSE in USD, where the latest structured quote showed a market capitalization of USD 65.3 billion and a 52-week range of USD 108.19 to USD 440.00 as of October 5, 2026. TradingView identifies COHR as a New York Stock Exchange listing and lists November 11, 2026 as the next report date.
Coherent stock data
- Company: Coherent, Inc.
- ISIN: US19247G1076
- Ticker: COHR
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 6, 2026, 8:06 a.m. CEST): EUR 297.70
- Change versus prior close: minus 0.03 percent
- Prior close Lang & Schwarz (October 5, 2026): EUR 297.80
- Market capitalization: USD 65.3 billion (as of October 5, 2026)
- 52-week range: USD 108.19-440.00 (as of October 5, 2026)
- Sector / Industry: Technology / Hardware, Equipment and Parts
- Next earnings date: November 11, 2026
