Movement Alert｜Coherent Rises 3.11% Overnight, Rebound After Pullback Supported by Target Price Upgrade and Supply Agreement

Market Focus07-09

On July 9, Coherent rose 3.11% overnight, trading at $326.91/share, with turnover of $6.99 million. The stock had previously pulled back consecutively since July 7, dipping to approximately $304.3 at one point, with cumulative losses exceeding 10%.

On the news front, AXT subsidiary Beijing Tongmei and Coherent formally signed a three-year master development and supply agreement for 6-inch indium phosphide wafers, effective June 25, with a prepayment exceeding $22 million to secure critical material capacity. Additionally, Raymond James raised its target price on Coherent from $371 to $435, implying significant upside from the current share price. With no fundamental negatives emerging and multiple positive catalysts being gradually digested following the prior oversold condition, the stock exhibited a sentiment recovery pattern.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1172204549?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-09 15:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1172204549","market":"us","top_or_hot":-1,"title":"Movement Alert｜Coherent Rises 3.11% Overnight, Rebound After Pullback Supported by Target Price Upgrade and Supply Agreement","media":"Market Focus","content":"<p><p>On July 9, Coherent rose 3.11% overnight, trading at $326.91/share, with turnover of $6.99 million. The stock had previously pulled back consecutively since July 7, dipping to approximately $304.3 at one point, with cumulative losses exceeding 10%.</p><p>On the news front, AXT subsidiary Beijing Tongmei and Coherent formally signed a three-year master development and supply agreement for 6-inch indium phosphide wafers, effective June 25, with a prepayment exceeding $22 million to secure critical material capacity. Additionally, Raymond James raised its target price on Coherent from $371 to $435, implying significant upside from the current share price. With no fundamental negatives emerging and multiple positive catalysts being gradually digested following the prior oversold condition, the stock exhibited a sentiment recovery pattern.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)</p></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Movement Alert｜Coherent Rises 3.11% Overnight, Rebound After Pullback Supported by Target Price Upgrade and Supply Agreement</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMovement Alert｜Coherent Rises 3.11% Overnight, Rebound After Pullback Supported by Target Price Upgrade and Supply Agreement\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-07-09 15:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On July 9, Coherent rose 3.11% overnight, trading at $326.91/share, with turnover of $6.99 million. The stock had previously pulled back consecutively since July 7, dipping to approximately $304.3 at one point, with cumulative losses exceeding 10%.</p><p>On the news front, AXT subsidiary Beijing Tongmei and Coherent formally signed a three-year master development and supply agreement for 6-inch indium phosphide wafers, effective June 25, with a prepayment exceeding $22 million to secure critical material capacity. Additionally, Raymond James raised its target price on Coherent from $371 to $435, implying significant upside from the current share price. With no fundamental negatives emerging and multiple positive catalysts being gradually digested following the prior oversold condition, the stock exhibited a sentiment recovery pattern.</p><p>(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COHR","symbol_name":"Coherent","start_time":0,"source_url":"","article_id":"1172204549","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1172204549","pubTimestamp":1783581311,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On July 9, Coherent rose 3.11% overnight, trading at $326.91/share, with turnover of $6.99 million. The stock had previously pulled back consecutively since July 7, dipping to approximately $304.3 at...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"COHR":"Coherent"},"translate_title":"走势提示|相干隔夜涨3.11%受目标价上调及供应协议支撑回调后反弹","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COHR":1},"content_text":"On July 9, Coherent rose 3.11% overnight, trading at $326.91/share, with turnover of $6.99 million. The stock had previously pulled back consecutively since July 7, dipping to approximately $304.3 at one point, with cumulative losses exceeding 10%.On the news front, AXT subsidiary Beijing Tongmei and Coherent formally signed a three-year master development and supply agreement for 6-inch indium phosphide wafers, effective June 25, with a prepayment exceeding $22 million to secure critical material capacity. Additionally, Raymond James raised its target price on Coherent from $371 to $435, implying significant upside from the current share price. With no fundamental negatives emerging and multiple positive catalysts being gradually digested following the prior oversold condition, the stock exhibited a sentiment recovery pattern.(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1172204549","isCrawlerRequest":true}