Stifel lowered the firm’s price target on IPG Photonics (IPGP) to $85 from $100 and keeps a Buy rating on the shares. The “bounce along the bottom continues,” says the analyst after earnings. The firm continues to view the company’s technology portfolio and strength of balance sheet as “broader competitive differentiators,” but says a revenue recovery “appears to have been pushed to 2026.”
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Read More on IPGP:
- IPG Photonics: Navigating Market Challenges Amidst Declining Sales and Order Backlog
- Sell Recommendation for IPG Photonics Amidst Weak Demand and Intensifying Competition
- IPG Photonics Reports Fourth Quarter 2024 Financial Results
- IPG Photonics Navigates Mixed Earnings Call Sentiment
- IPG Photonics Announces Leadership Change Amid Revenue Drop
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