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Analysts Offer Insights on Technology Companies: IPG Photonics (IPGP), PTC (PTC) and Agilysys (AGYS)

Tipranks - Tipranks - Wed May 20, 6:52AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on IPG Photonics (IPGP), PTC (PTC) and Agilysys (AGYS) with bullish sentiments.

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IPG Photonics (IPGP)

Roth MKM analyst Thomas Hayes maintained a Buy rating on IPG Photonics today and set a price target of $151.00. The company’s shares closed last Monday at $106.35.

According to TipRanks.com, Hayes is a 1-star analyst with an average return of -0.8% and a 39.4% success rate. Hayes covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Enerpac Tool Group, and ESAB Corporation. ;'>

Currently, the analyst consensus on IPG Photonics is a Moderate Buy with an average price target of $131.42, representing a 26.3% upside. In a report issued on May 6, Needham also upgraded the stock to Buy with a $110.00 price target.

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PTC (PTC)

In a report released today, Daniel Jester from BMO Capital reiterated a Buy rating on PTC, with a price target of $170.00. The company’s shares closed last Monday at $144.06.

According to TipRanks.com, Jester is a 1-star analyst with an average return of -1.9% and a 41.4% success rate. Jester covers the Technology sector, focusing on stocks such as ServiceTitan, Inc. Class A, Automatic Data Processing, and Procore Technologies. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PTC with a $182.85 average price target, a 29.7% upside from current levels. In a report issued on May 8, TipRanks – Anthropic also upgraded the stock to Buy with a $165.00 price target.

Agilysys (AGYS)

Cantor Fitzgerald analyst Matthew VanVliet reiterated a Buy rating on Agilysys yesterday and set a price target of $140.00. The company’s shares closed last Monday at $70.20.

According to TipRanks.com, VanVliet has 0 stars on 0-5 stars ranking scale with an average return of -8.6% and a 36.3% success rate. VanVliet covers the Technology sector, focusing on stocks such as Klaviyo, Inc. Class A, Tyler Technologies, and Sprout Social. ;'>

Currently, the analyst consensus on Agilysys is a Strong Buy with an average price target of $130.00, which is a 93.4% upside from current levels. In a report released today, TipRanks – PerPlexity also upgraded the stock to Buy with a $80.00 price target.

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