Needham analyst James Ricchiuti maintained a Hold rating on IPG Photonics (IPGP – Research Report) today. The company’s shares opened today at $96.38.
Ricchiuti covers the Technology sector, focusing on stocks such as Coherent Corp, MKS Instruments, and Plexus. According to TipRanks, Ricchiuti has an average return of 17.6% and a 59.15% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for IPG Photonics with a $118.25 average price target.
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IPGP market cap is currently $4.82B and has a P/E ratio of 56.76.
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IPG Photonics (IPGP) Company Description:
IPG Photonics Corp. engages in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers, and related optical components. Its products include beam delivery, medical, telecom equipment, product finder and components such as pump diodes, chillers, and mid-IR crystals. The company was founded by Valentin P. Gapontsev and Igor Samartsev in 1990 and is headquartered in Oxford, MA.
Read More on IPGP:
- IPG Photonics Announces Fourth Quarter 2023 Financial Results
- IPGP Earnings this Week: How Will it Perform?
- IPG Presents New Technologies, Products and Solutions for E-mobility Manufacturing, Materials Processing and Specialized Applications at Photonics West 2024
- Tesla, Boeing downgraded: Wall Street’s top analyst calls
- IPG Photonics initiated with a Buy at Seaport Research
