Coherent Shares Surge on Morgan Stanley's Price Target Hike

Coherents shares surged by nearly four percent following Morgan Stanleys price target increase, reflecting growing confidence in the companys future. This positive outlook is supported by Coherents strong financial results, with a nineteen percent year-over-year growth in pro forma revenue, driven by demand from AI and communications infrastructure. Despite todays increase, Coherents shares are still trading below their fifty-two-week high, with a five-year investment of one thousand dollars now worth two thousand three hundred fifty dollars.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.