Share on StockTwits
 

Equities research analysts at Needham & Company upped their target price on shares of Stratasys (NASDAQ:SSYS) from $135.00 to $145.00 in a research note issued to investors on Thursday, American Banking & Market News reports. Needham & Company’s price objective indicates a potential upside of 7.65% from the stock’s previous close.

SSYS has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Stratasys from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, December 27th. They now have a $156.00 price target on the stock. Separately, analysts at Gabelli upgraded shares of Stratasys from a “hold” rating to a “buy” rating in a research note to investors on Monday, December 23rd. They now have a $122.00 price target on the stock, down previously from $149.00. They noted that the move was a valuation call. Finally, analysts at Stephens initiated coverage on shares of Stratasys in a research note to investors on Friday, December 13th. They set an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $128.78.

Stratasys (NASDAQ:SSYS) traded up 0.04% during mid-day trading on Thursday, hitting $134.75. 739,583 shares of the company’s stock traded hands. Stratasys has a 52 week low of $60.20 and a 52 week high of $134.87. The stock has a 50-day moving average of $122.0 and a 200-day moving average of $104.. The company’s market cap is $6.567 billion.

Stratasys (NASDAQ:SSYS) last released its earnings data on Thursday, November 7th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.42 by $0.03. The company had revenue of $126.10 million for the quarter, compared to the consensus estimate of $117.13 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 38.7% on a year-over-year basis. Analysts expect that Stratasys will post $1.85 EPS for the current fiscal year.

Stratasys, Inc is a manufacturer of three-dimensional (NASDAQ:SSYS) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.