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Stock impact report

Needham raises IPG Photonics price target [Seeking Alpha]

IPG Photonics Corporation (IPGP) 
Last ipg photonics corporation earnings: 2/13 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.ipgphotonics.com
Company Research Source: Seeking Alpha
Needham raises IPG Photonics price targetNeedham maintains a Buy rating and raises its IPG Photonics (NASDAQ:IPGP) price target from $230 to $280 after speaking with management.The price target represents a 6% upside on yesterday’s close.Firm believes that the favorable tailwinds that drove IPG’s strong performance through the first nine months of 2017 will remain in place this year.Discussion left Needham optimistic that there is an upside to Street forecasts of 10.5% revenue growth in 2018.Source: Briefing.comIPG shares aredown 0.5% premarket to $262.15.Click to subscribe to real-time analytics on IPGPNow read:Bulletproof Investing Performance: Week 7 » Show less Read more
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