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IPG Photonics Corporation (IPGP) Stock: Do Analysts Think You Should Hold?

Thursday, November 09, 2023 03:28 PM | InvestorsObserver Analysts

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IPG Photonics Corporation (IPGP) Stock: Do Analysts Think You Should Hold?

Analysts who follow IPG Photonics Corporation (IPGP) on average expect it to gain 38.33% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns the stock an Analyst Ranking of 25, which means it ranks higher than 25 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 3.7
Wall Street analysts are rating IPGP a Buy today. Find out what this means to you and get the rest of the rankings on IPGP!

Why are Analyst Ratings Important?

Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported. InvestorsObserver takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.

What's Happening With IPG Photonics Corporation Stock Today?

IPG Photonics Corporation (IPGP) stock is trading at $89.76 as of 3:22 PM on Thursday, Nov 9, a decline of -$2.11, or -2.29% from the previous closing price of $91.86. The stock has traded between $89.63 and $92.24 so far today. Volume today is less active than usual. So far 104,245 shares have traded compared to average volume of 257,103 shares. Click Here to get the full Stock Report for IPG Photonics Corporation stock.

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