BofA analyst Michael Feniger raised the firm’s price target on IPG Photonics (IPGP) to $55 from $52 and keeps an Underperform rating on the shares. Shares fell 13% on the back of weak Q2 guidance what was a function of tariff-related impacts, the analyst tells investors. The firm lowered estimates on the weaker Q2 guidance and tariff impact, but raised its multiple as it believes the book to bill improvement warrants a higher multiple, the analyst tells investors in a post-earnings note.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IPGP:
- IPG Photonics price target lowered to $70 from $80 at Raymond James
- 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