IPG Photonics (IPGP) Tops Q1 EPS by 17c, Revenues Beat; Offers 2Q EPS/Revenue Outlook

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Go back to IPG Photonics (IPGP) Tops Q1 EPS by 17c, Revenues Beat; Offers 2Q EPS/Revenue Outlook

IPG Photonics (IPGP) PT Lowered to $240 at Needham & Company

May 5, 2021 6:52 AM EDT

Needham & Company analyst James Ricchiuti lowered the price target on IPG Photonics (NASDAQ: IPGP) to $240.00 (from $280.00) while maintaining a Buy rating.

The analyst commented, "IPG delivered a solid Q1 report to start 2021, with revenues above guidance and EPS at the upper... More