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Roth MKM Sticks to Its Buy Rating for IPG Photonics (IPGP)

Tipranks - Tipranks - Sun Feb 15, 12:18PM CST

Roth MKM analyst Tom Hayes reiterated a Buy rating on IPG Photonics yesterday and set a price target of $164.00.

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According to TipRanks, Hayes is a 3-star analyst with an average return of 3.3% and a 51.69% success rate. Hayes covers the Industrials sector, focusing on stocks such as Enerpac Tool Group, Lincoln Electric Holdings, and Tennant Co.

In addition to Roth MKM, IPG Photonics also received a Buy from Raymond James’s Brian Gesuale in a report issued yesterday. However, today, TipRanks – OpenAI reiterated a Hold rating on IPG Photonics (NASDAQ: IPGP).

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Based on IPG Photonics’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $274.47 million and a net profit of $13.27 million. In comparison, last year the company earned a revenue of $234.34 million and had a net profit of $7.82 million

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