Benchmark Co. analyst Mark Miller maintained a Buy rating on IPG Photonics (NASDAQ:IPGP) Corporation on Wednesday, setting a price target of $235, which is approximately 9.93% above the present share price of $213.77.
Miller expects IPG Photonics Corporation to post earnings per share (EPS) of $1.27 for the second quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in IPG Photonics, with an average price target of $247.5.
The analysts price targets range from a high of $275 to a low of $235.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $345.59 million and a net profit of $81.68 million. The company's market cap is $11.45 billion.
According to TipRanks.com, Benchmark Co. analyst Mark Miller is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 25.7% and a 69.00% success rate.
IPG Photonics Corp. engages in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers, and related optical components. Its products include beam delivery, medical, telecom equipment, product finder and components such as pump diodes, chillers, and mid-IR crystals. The company was founded by Valentin P. Gapontsev and Igor Samartsev in 1990 and is headquartered in Oxford, MA.