Coherent (COHR) stock jumps 7% to a new high — why the shares are moving now
Coherent Corp shares rose over 7% to $273.26 by midday Wednesday, hitting a new 52-week high and surpassing average analyst price targets. The move outpaced broader indexes, with the Nasdaq up 1.17%. Morgan Stanley raised its target to $250 but kept a “Hold” rating. Coherent’s next major event is its Technology Innovation Briefing on March 17.