IPG Photonics (IPGP) Misses Q2 EPS by 5c ; Offers Guidance

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/5/2026

1. AMD
2. BKNG
3. AMGN
4. DOX
5. DUOL
6. SWKS
7. ANET
8. SPY
9. XYZ
10. CVS

Go back to IPG Photonics (IPGP) Misses Q2 EPS by 5c ; Offers Guidance

IPG Photonics (IPGP) PT Lowered to $50 at Citi

August 1, 2024 7:33 AM EDT

Citi analyst Jamie Wang lowered the price target on IPG Photonics (NASDAQ: IPGP) to $50.00 (from $68.00) while maintaining a Sell rating.

The analyst comments "We reduce our 2024E earnings forecast by 45% to reflect the weaker-than-expected 2Q24 results and bearish 3Q24 guidance. Mgmt. admitted that, with... More