Raymond James lowered the firm’s price target on IPG Photonics (IPGP) to $70 from $80 and keeps a Strong Buy rating on the shares. IPG Photonics started 2025 off with “strong” Q1 results, though tariff impacts weighed on the Q2 guidance, the analyst tells investors in a research note. IPG has substantial leverage off a demand recovery with steep incremental profits, EV battery capex looks to be stable, and valuation is supported by net cash of more than $900M on the balance sheet with $60M of annual free cash flow, the firm says.
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Read More on IPGP:
- IPG Photonics Faces Tariff Challenges and Weaker Outlook, Analyst Reiterates Sell Rating
- IPG Photonics Reports Strong Start to 2025 Despite Revenue Dip
- IPG Photonics Earnings Call: Balancing Growth and Challenges
- IPG Photonics reports Q1 adjusted EPS 31c, consensus 20c
- IPG Photonics sees Q2 adjusted EPS (5c)-25c, consensus 29c