智通财经APP获悉，5月23日，摩根士丹利分析师Meta Marshall发布报告，将激光技术厂商Coherent(COHR.US)的目标价从70美元上调至74美元，但维持“持有”评级。该公司计划于5月28日举办投资者日活动，Marshall预计管理层将披露一项长期增长战略，内容或包括：实现40%以上毛利率的盈利目标、每股收益突破6美元的财务预期，以及2025-2028年收入增长路径规划。
尽管Marshall承认投资者日的乐观预期可能推动股价短期上涨，但她强调，过去一个月Coherent股价已经大幅上涨，估值已部分消化潜在利好。维持谨慎评级的核心原因在于，其认为实现40%以上毛利率目标面临显著挑战：全球贸易摩擦可能推高原材料成本，同时碳化硅材料、网络技术等业务线因缺乏规模效应，垂直整合战略的执行难度或超预期。
Coherent主营工程材料、光电元件及激光系统，业务覆盖工业制造、通信网络、半导体设备等领域，尤其在光通信市场占据稳固地位，其先进的数据中心光收发器产品是核心竞争优势。
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