IPG Photonics (IPGP) Tops Q1 EPS by 18c

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Go back to IPG Photonics (IPGP) Tops Q1 EPS by 18c

IPG Photonics (IPGP) PT Raised to $146 at Needham & Company Following 2Q Report

May 3, 2017 8:05 AM EDT

Needham & Company raised its price target on IPG Photonics (NASDAQ: IPGP) to $146.00 (from $130.00) while maintaining a Buy rating. Revenues increased 38% to $285.8M. EPS increased 50% y/o/y to $1.38, above guidance of $1.10-$1.35, and consensus of $1.34.

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