• We think the shares are due for a technical rebound as they’ve sold off 15%+ and hit support levels.
• The company is still growing revenues fast, and cash flows even much faster.
• But revenue growth is going to slow down, so we don’t see much in the way of further multiple expansion.

Source: Is IPG Photonics Still A Buy? – IPG Photonics Corporation (NASDAQ:IPGP) | Seeking Alpha