Needham Thinks IPG Photonics Corporation’s Stock is Going to Recover


Needham analyst James Ricchiuti maintained a Buy rating on IPG Photonics Corporation (IPGP) yesterday and set a price target of $157. The company’s shares closed yesterday at $115.53, close to its 52-week low of $107.59.

According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 10.7% and a 55.7% success rate. Ricchiuti covers the Consumer Goods sector, focusing on stocks such as Electronics for Imaging, Electro Scientific, and Faro Technologies.

Currently, the analyst consensus on IPG Photonics Corporation is a Moderate Buy with an average price target of $169.

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The company has a one-year high of $264.11 and a one-year low of $107.59. Currently, IPG Photonics Corporation has an average volume of 790.1K.

Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock.

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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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