Coherent (NYSE: COHR) shares fell 21.32% over the past week and 15.98% over six months, trading at $263.23, about 40% below their $440 52-week high, even though the company keeps beating earnings estimates. The latest session’s 9.22% drop came right after a hot inflation report pushed the 30-year Treasury yield to 5.63%, and AI infrastructure stocks fell with it. The average analyst target of $412.52 implies about 56.7% upside, while Rosenblatt’s Mike Genovese holds the Street-high $500 Buy target. The latest quarter delivered non-GAAP EPS of $1.74 versus $1.6171 expected and 33.7% revenue growth, but fiscal 2026 capex of $1.103B far exceeded $79.5M of operating cash flow. Shares are still up 42.62% year to date, compared with 12.86% for the S&P 500.
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