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LASR - IPG Photonics: Accumulate The Stock For The Long Term
nLIGHT Inc.
IPG Photonics (IPGP) is a laser making company. In the last 10 years, its revenue has grown at a CAGR of 22%. However, since 2018, revenue started to flatten out. In 2018, IPG's stock created an all-time high around $250, after which it started declining. I expect IPG's revenue will rise again primarily based on new products in the next five years. Long-term investors can buy the stock during pullbacks.
IPG manufactures high-performance fiber lasers, fiber amplifiers, and diode lasers that are used for diverse applications. Although the company offers diode lasers, fiber