IPGP - IPG Photonics Corporation: A Potential Winner Even Though Risks Remain
2023-03-29 02:05:52 ET
Summary
- The stock has rallied in recent months after a long decline, but that does not necessarily mean the coast is clear.
- IPGP suffered a big loss and weak demand remains, but it also showed enough for the market to believe it can overcome current headwinds in time.
- Earnings are on the decline, but they’re expected to rise in the near future, which is expressed in how IPGP is valued in terms of multiples.
- IPGP could go either way with the way the cards are laid out, which means it comes down to the preference of the individual.
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IPG Photonics Corporation: A Potential Winner Even Though Risks Remain