Seaport Global analyst Scott Graham maintained a Buy rating on IPG Photonics (IPGP – Research Report) today and set a price target of $105.00. The company’s shares closed yesterday at $83.98.
Graham covers the Industrials sector, focusing on stocks such as Hubbell B, Pentair, and A. O. Smith Corporation. According to TipRanks, Graham has an average return of 11.0% and a 60.98% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for IPG Photonics with a $102.00 average price target, representing a 21.46% upside. In a report released today, Benchmark Co. also maintained a Buy rating on the stock with a $106.00 price target.
The company has a one-year high of $141.85 and a one-year low of $80.33. Currently, IPG Photonics has an average volume of 275.8K.
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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.
