Companies in the Technology sector have received a lot of coverage today as analysts weigh in on nVent Electric (NVT) and IPG Photonics (IPGP).
nVent Electric (NVT)
In a report released today, Scott Graham from Rosenblatt Securities maintained a Buy rating on nVent Electric, with a price target of $32.00. The company’s shares closed last Friday at $18.05.
According to TipRanks.com, Graham is a 4-star analyst with an average return of 6.8% and a 59.0% success rate. Graham covers the Industrial Goods sector, focusing on stocks such as Altra Industrial Motion, Thermon Group Holdings, and AO Smith.
Currently, the analyst consensus on nVent Electric is a Moderate Buy with an average price target of $28.00.
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IPG Photonics (IPGP)
Benchmark Co. analyst Mark Miller maintained a Hold rating on IPG Photonics today. The company’s shares closed last Friday at $185.96, close to its 52-week high of $202.58.
According to TipRanks.com, Miller is a top 100 analyst with an average return of 22.3% and a 63.9% success rate. Miller covers the Technology sector, focusing on stocks such as Axcelis Technologies, Onto Innovation, and Western Digital.
IPG Photonics has an analyst consensus of Moderate Buy, with a price target consensus of $181.23, a 0.7% upside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Hold rating on the stock with a $177.00 price target.
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