Roth Capital analyst Tom Hayes initiated coverage of IPG Photonics (IPGP) with a Buy rating and $96 price target The firms cites return to growth and associated margin expansion, developing leadership in the fast-growing urology market, directed energy applications, and fiber lasers posed to make inroads as reason for the Buy rating. The firm added it is looking for 10% revenue growth in 2026, which it believes could be conservative.
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