Stifel Maintains Buy on IPG Photonics, Raises Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Ruben Roy has reaffirmed a Buy rating on IPG Photonics (NASDAQ:IPGP) and increased the price target from $120 to $130.
January 02, 2024 | 7:40 pm
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Stifel analyst Ruben Roy maintains a Buy rating on IPG Photonics and raises the price target to $130, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals confidence in the company's future performance and can lead to increased investor interest and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100