IPG Photonics (IPGP) Tops Q4 EPS by 2c, Q1 Guidance Misses Consensus

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Go back to IPG Photonics (IPGP) Tops Q4 EPS by 2c, Q1 Guidance Misses Consensus

IPG Photonics (IPGP) PT Lowered to $165 at Needham & Company

February 16, 2022 6:42 AM EST

Needham & Company analyst James Ricchiuti lowered the price target on IPG Photonics (NASDAQ: IPGP) to $165.00 (from $205.00) while maintaining a Buy rating following results.

The analyst commented, "IPG delivered a mixed Q4 report yesterday. While revenues were above the top-end of guidance and EPS above the... More