Coherent (COHR) Datacenter Sales Surge 59%, Targeting $3 Billion Revenue

Coherent's (COHR) Datacenter segment experienced a 59% year-over-year sales growth, accounting for 79% of total sales. The company aims for a quarterly revenue run rate of $3 billion by the end of FY2027. Analysts maintain a consensus Buy rating with a price target of $397, indicating a potential upside of 48%. Recently, the stock price has adjusted downwards by 8.74% to $268.64, while management guided Q1 FY27 revenue to between $2.2 billion and $2.4 billion. This data suggests Coherent's strong fundamentals despite recent price fluctuations, which may interest investors looking for growth opportunities.