🟢 Coherent is trading 8.6% up today after Bernstein's Outperform initiation and $350 target

Coherent is trading 8.6% up at $316.56; the latest identified catalyst is Bernstein’s Outperform initiation and $350 price target, which drove the prior session’s rally.

• Bernstein highlighted optical-networking demand from faster AI data-center infrastructure.
• Attention to Coherent’s PhotonLink platform and strength across optical-networking names also supported sentiment.
• No new company announcement specific to October 2 surfaced; available reporting ties the move more directly to analyst coverage and AI-optics enthusiasm.