IPG Photonics Blasts Through Records With Strong Fiber Laser Sales
In the manufacturing industry, finding new ways to make products more efficiently is a must. IPG Photonics (NASDAQ: IPGP) has provided key advances in that regard through its work with fiber lasers, and its industry-leading position has benefited from the advantages that fiber lasers offer over both non-laser cutting-and-welding equipment and other types of lasers as well.
Coming into Tuesday's second-quarter financial report, IPG Photonics investors had expected to see extremely large increases to revenue and net income from the company. Yet even bullish shareholders were happily surprised by what the laser manufacturer delivered. Let's look more closely at IPG Photonics quarter, and what the numbers have to say about what's coming down the road.
Image source: IPG Photonics.
Source: Fool.com
Ipg Photonics Stock
With 8 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 109 € shows a positive potential of 34.34% compared to the current price of 81.14 € for Ipg Photonics.
