IPG Photonics Reaches Analyst Target Price
August 02, 2017 at 09:09 AM EDT
In recent trading, shares of IPG Photonics Corp (IPGP) have crossed above the average analyst 12-month target price of $153.25, changing hands for $166.39/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..