On August 17, Coherent rose 3.08% in pre-market trading, trading at $335.00/share, with turnover of $8.204 million. The stock continues to benefit from its recently reported fiscal Q4 results that broadly exceeded expectations, combined with a wave of Wall Street target price upgrades.

Coherent posted fiscal Q4 revenue of $2.05 billion, up 34% year-over-year and approximately 3% above consensus estimates. Adjusted EPS came in at $1.74, representing 74% year-over-year growth and beating analyst expectations by over 7%. For fiscal Q1, the company guided revenue midpoint to approximately $2.3 billion and adjusted EPS midpoint to approximately $1.95, exceeding consensus by roughly 7% and 10%, respectively. Following the results, multiple major institutions raised their price targets: JPMorgan to $435, Needham and Jefferies both to $420, and Morgan Stanley to $375 from $330, reflecting broad confidence in AI data center-driven growth momentum.

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