Coherent Corp. (NYSE:COHR) is among the Best Unstoppable Growth Stocks to Buy Right Now, with a 5.84% gain on January 2. Wall Street remains bullish on the stock, which has surged over 120% in the past 6 months due to the AI rally in 2026.

President’s Capital Management initiated COHR with a Buy rating and $300 price target on December 31. Morgan Stanley raised the price target from $150 to $180 on December 17, citing AI trade expansion into subsectors like optical technology, benefiting companies like COHR. The trend is expected to continue in 2026.

Coherent Corp. (NYSE:COHR) announced a breakthrough in its 300mm silicon carbide wafer platform on December 3. The new technology addresses thermal efficiency demands in AI datacenters, offering low resistivity, defect density, and high homogeneity. This development directly meets the energy efficiency needs of AI datacenters.

Coherent Corp. (NYSE:COHR) is a vertically integrated manufacturer specializing in lasers, optical transceivers, and engineered materials. The company is expanding its portfolio to meet the growing demand in AI and data centers, particularly in thermal management for AI datacenters.

While COHR shows potential as an investment, other AI stocks may offer greater upside potential with less downside risk. For a promising undervalued AI stock poised to benefit from current trends, check out the report on the best short-term AI stock.

Read more at Yahoo Finance: Coherent Corp (COHR) Gained 5.84% on January 2