Coherent Post Q4 Beat: Analyst Raises Price Target on Accelerating Data Center Growth
COHR shares tank after Q4 results. Higher revenues driven by strong data center sales.
Coherent made more money than expected, especially from selling to data centers—which are computers that store and process information online. When you see a company beat expectations and an analyst raises their price target, it hints they think the business is getting stronger, so watch if the company keeps growing in that area.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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