On November 11, Coherent rose 5.14% Overnight, trading at $225.67 per share with turnover of $4.52 million.

The move followed continued support from stronger-than-expected quarterly results and above-consensus forward guidance, alongside recent analyst target increases.

Coherent previously reported fiscal first-quarter revenue of $2.37 billion, up 50% year over year, and adjusted EPS of $2.09, both above market expectations. The company guided next-quarter revenue to $2.55 billion to $2.75 billion and adjusted EPS to $2.28 to $2.48, also ahead of consensus. Recent target-price increases included a move to $440 and another to $524.96, helping support the latest recovery after sharp volatility earlier in the week.

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