In a report released today, James Ricchiuti from Needham reiterated a Buy rating on Electro Scientific (NASDAQ: ESIO), with a price target of $32. The company’s shares opened today at $21.09.
According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 13.9% and a 61.8% success rate. Ricchiuti covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Teledyne Technologies Inc, and Faro Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Electro Scientific with a $34.50 average price target.
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The company has a one-year high of $27.72 and a one-year low of $9.25. Currently, Electro Scientific has an average volume of 690.8K.
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Electro Scientific Industries, Inc. supplies laser-based manufacturing solutions for the microtechnology industry. It operates through the Component Processing and Michromachining business segments. The Component Processing segment offers interconnect products, semiconductor products and component products.
