Coherent Corp. - Common Stock (COHR)

COHR earnings call for the period ending December 31, 2024.

JP Morgan analyst raised COHR price target to $120, reiterated Overweight rating. Q2 sales and EPS beat consensus. Analysts maintain positive outlook.

Coherent CEO touts another quarter of AI-related Data Center demand with sales of $1.44 billion, beating the consensus of $1.37 billion.

After the conclusion of the US market's regular session on Wednesday, let's examine the after-hours session and unveil the notable performers among the top gainers and losers.

Several large-cap stocks saw significant declines last week, possibly due to wildfires in California and overall market weakness.

JPM analyst predicts Apple's dominance, Edge AI hype, hardware/cloud wars & M&A frenzy. Contract manufacturers & tariff concerns overlooked. EV/AV growth slows.

JPMorgan analyst predicts traditional IT infrastructure and industrial tech will see a cyclical rebound, with top picks like Dell, Corning, Coherent, Arista, Cisco, and Amphenol poised for growth.