Coherent Corp. (NYSE:COHR) is a top high-beta stock to buy now. Susquehanna analyst Christopher Rolland reiterated a Buy rating with a price target of $120. Portfolio optimization, including divesting the Aerospace and Defense business, will sharpen focus on core growth areas.

Rolland notes strength in 800G transceivers, Optical Circuit Switch revenues, and indium phosphide production. Coherent Corp. (COHR) is expanding into 2026 and supporting its partnership with Apple through a new Texas facility. Momentum is growing in telecom and industrial markets, with demand for silicon carbide driving positive outlook.

Coherent Corp. (NYSE:COHR) specializes in engineered materials, networking products, optoelectronic components, and optical/laser systems. While COHR has investment potential, certain AI stocks may offer greater upside and less downside risk. Explore our free report on the best short-term AI stock for more opportunities.

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Read more at Yahoo Finance: Coherent (COHR) Is Building Momentum Across Telecom and Optical Markets, Says Susquehanna