Bank of America has adjusted its outlook on IPG Photonics (IPGP, Financial), reducing the price target from $64 to $52 while maintaining an Underperform rating. The decision reflects concerns about an impending challenging earnings period within the Machinery, Engineering & Construction (E&C), and Waste sectors.
BofA analysts highlight a potential "lose-lose" scenario where companies might be forced to lower guidance due to prevailing uncertainties, or alternatively, risk being perceived as disconnected from market realities if they don't. The bank's strategy involves recalibrating price targets across the sector and shifting focus towards services like aggregates, rentals, and waste management, rather than relying on original equipment manufacturers.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for IPG Photonics Corp (IPGP, Financial) is $75.00 with a high estimate of $90.00 and a low estimate of $60.00. The average target implies an upside of 45.48% from the current price of $51.56. More detailed estimate data can be found on the IPG Photonics Corp (IPGP) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, IPG Photonics Corp's (IPGP, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for IPG Photonics Corp (IPGP, Financial) in one year is $81.31, suggesting a upside of 57.72% from the current price of $51.555. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the IPG Photonics Corp (IPGP) Summary page.
