In a report released today, Mark Miller from Benchmark Co. maintained a Buy rating on IPG Photonics Corporation (NASDAQ: IPGP), with a price target of $170. The company’s shares closed on Friday at $132.76, close to its 52-week low of $132.28.
According to TipRanks.com, Miller is a top 100 analyst with an average return of 22.6% and a 66.2% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as Axcelis Technologies, MKS Instruments, and Nanometrics Inc.
IPG Photonics Corporation has an analyst consensus of Strong Buy, with a price target consensus of $203.29, representing a 53.1% upside. In a report issued on October 5, Needham also maintained a Buy rating on the stock with a $160 price target.
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The company has a one-year high of $264.11 and a one-year low of $132.28. Currently, IPG Photonics Corporation has an average volume of 720.4K.
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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.
