Coherent Stock Rises 8% As JPMorgan Raises Price Target On Nvidia Backed AI Growth

Key Stats for Coherent Stock

• Price change for Coherent stock: 8%
• $COHR Share Price as of Mar. 10: $308
• 52-Week High: $311
• $COHR Stock Price Target: $288

Now Live: Discover how much upside your favorite stocks could have using TIKR’s new Valuation Model (It’s free)>>>

What Happened?

Coherent (COHR) stock surged 8% on Friday. The price surge began after Nvidia announced a $2 billion investment in the company on Mar 2, followed by bullish reports from analysts this week.

JP Morgan raised the price target from $245.00 to $300.00 and maintained an “Overweight” rating on the stock.

• NVIDIA is partnering with Coherent to develop next-generation silicon photonics for AI infrastructure.
• The deal also includes a multi-billion-dollar purchase commitment and future access rights for advanced laser and optical networking products.
• NVIDIA CEO Jensen Huang made the company’s intentions clear.
• He said the partnership is about building “the next generation of gigawatt-scale AI factories.”
• That kind of backing from the world’s leading AI chip company is a significant vote of confidence in Coherent’s technology.

NVIDIA made a similar $2 billion investment in Lumentum on the same day.

• Both companies develop photonics technology, which uses light to power high-speed data transfer and sensing systems.
• Lumentum shares jumped nearly 12% on the news. NVIDIA itself added around 3%.

Coherent had already been posting strong results heading into this announcement.

In its most recent earnings call,

• The company reported record quarterly revenue of $1.69 billion, up 17% year-over-year.
• Its data center business grew 36% year-over-year, driven by surging demand for 800G and 1.6T transceivers.
• Management also noted a book-to-bill ratio exceeding 4x, meaning orders are coming in far faster than the company can ship.

See analysts’ growth forecasts and price targets for Coherent stock (It’s free) >>>

What the Market Is Telling Us About Coherent Stock

The Nvidia deal puts Coherent stock in a stronger position heading into 2026. Investors now have more confidence in the company’s long-term revenue pipeline, especially as AI infrastructure spending continues to accelerate.

JPMorgan raised its price target on Coherent stock following the announcement, reflecting the improved growth outlook.

Coherent stock was already on an upward trajectory before this news. With Nvidia now committed as both an investor and a major customer, the demand picture looks even clearer.

Investors looking for exposure to AI infrastructure buildout may find Coherent worth a closer look at current levels.

Estimate a company’s fair value instantly (Free with TIKR) >>>

How Much Upside Does Coherent Stock Have From Here?

With TIKR’s new Valuation Model tool, you can estimate a stock’s potential share price in under a minute.

All it takes is three simple inputs:

1. Revenue Growth
2. Operating Margins
3. Exit P/E Multiple

If you’re not sure what to enter, TIKR automatically fills in each input using analysts’ consensus estimates, giving you a quick, reliable starting point.

From there, TIKR calculates the potential share price and total returns under Bull, Base, and Bear scenarios so you can quickly see whether a stock looks undervalued or overvalued.

See a stock’s true value in under 60 seconds (Free with TIKR) >>>

Looking for New Opportunities?

• See what stocks billionaire investors are buying so you can follow the smart money.
• Analyze stocks in as little as 5 minutes with TIKR’s all-in-one, easy-to-use platform.
• The more rocks you overturn… the more opportunities you’ll uncover. Search 100K+ global stocks, global top investor holdings, and more with TIKR.

Disclaimer:

Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!