Coherent Stock Surges 31.22% in Trading Volume Ranking 404th with $253 Million in Shares Traded

On June 3, 2025, Coherent (COHR) saw a significant increase in trading volume, with a total of $253 million in shares traded, marking a 31.22% rise from the previous day. This surge placed Coherent at the 404th position in terms of trading volume for the day. The stock price of Coherent also rose by 4.85%, marking the second consecutive day of gains, with a total increase of 6.44% over the past two days.

Coherent is capitalizing on the growing demand in the data center market, positioning itself as a key player in the AI-driven growth sector. The company's strategic focus on portfolio optimization and robust financial strategies has garnered attention from analysts, who see significant potential in its market opportunities.

Citi analysts recently increased their price target for Coherent stock to $115 from $110, maintaining a Buy rating. This adjustment follows Coherent's investor day, where the company highlighted its market opportunities, including a $44 billion Serviceable Available Market (SAM) in the Data Center & Communications sector. Susquehanna also reaffirmed its Buy rating on Coherent, citing the company's target of significant market opportunities.

Northland analyst Tim Savageaux raised the firm's price target on Coherent to $85 from $80, keeping an Outperform rating. This move reflects the analyst's confidence in Coherent's growth prospects and its ability to capitalize on emerging market trends.