IPG Photonics Corporation (IPGP) Receives a Hold from Canaccord Genuity


Canaccord Genuity analyst Jonathan Dorsheimer maintained a Hold rating on IPG Photonics Corporation (IPGP) today and set a price target of $138. The company’s shares opened today at $147.45.

According to TipRanks.com, Dorsheimer has 0 stars on 0-5 star ranking scale with an average return of -4.2% and a 41.8% success rate. Dorsheimer covers the Consumer Goods sector, focusing on stocks such as Nano Dimension, Tesla, and Cree.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for IPG Photonics Corporation with a $167.60 average price target, a 13.7% upside from current levels. In a report issued on January 29, Northcoast Research also maintained a Hold rating on the stock.

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The company has a one-year high of $261.77 and a one-year low of $104.64. Currently, IPG Photonics Corporation has an average volume of 523.9K.

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IPG Photonics Corp. engages in the design, development, production, and distribution of fiber lasers, fiber amplifiers and diode lasers. Its products include lasers systems, beam delivery, medical, telecom equipment, and components such as pump diodes, chillers, and mid-IR crystals.

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