Lasers Heat Up as IPG Photonics Stays in High-Growth Mode
Lasers have become a must-have technology for companies seeking to maximize the efficiency of their manufacturing operations, and IPG Photonics (NASDAQ: IPGP) has worked hard to deliver useful laser solutions to its customers. Between cutting, welding, and other applications, IPG Photonics has seen immense gains in demand from its clients, and competitive advantages in providing customized products and systems have given the laser maker an edge over its rivals.
Coming into Tuesday's third-quarter financial report, IPG Photonics investors fully believed that the company would stay on its impressive growth trajectory. For its part, IPG once again exceeded those ambitious expectations, and it sees an increasingly bright future. Let's take a closer look at what's driving IPG Photonics forward and what investors can look forward to seeing in the months ahead.
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 103 € shows a very positive potential of 66.34% compared to the current price of 61.92 € for Ipg Photonics.
