Coherent Corp. (NYSE:COHR) is a top AI stock on Wall Street, with Raymond James raising its price target to $210.00 and maintaining a “Strong Buy” rating on December 5. The firm sees the optical components manufacturer’s AI exposure as underappreciated, driving potential upside.

Analysts believe Coherent is a key player in AI architectures and data centers, with technology breadth and IP undervalued. Industrial segments have hit bottom and strategic actions suggest a recovery, leading to continued upside potential.

Coherent Corp. (NYSE:COHR) is a US-based manufacturer of optical materials and semiconductors. While it’s considered a solid investment, some AI stocks may offer greater upside potential and less downside risk.

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Read more at Yahoo Finance: Wall Street Thinks Coherent’s (COHR) Upside Isn’t Fully Recognized Yet