After a significant stock price pullback, Bernstein remains optimistic about Lumentum (LITE.US) and Coherent (COHR.US), reiterating their "outperform" rating.

Smart Finance APP has learned that Bernstein stated in its latest research report that although AI-related stocks have generally come under pressure recently, with optical communication equipment manufacturers Lumentum (LITE.US) and Coherent (COHR.US) experiencing share price declines of 13% and 28% respectively over the past month, the main factors triggering the sell-off have not fundamentally changed the basic outlook of the optical communications industry. The firm remains optimistic about the long-term growth prospects of both companies amid the wave of AI infrastructure development, reiterates its “outperform” rating on both stocks, and maintains target prices of $1,220 and $350 respectively.