Brean Capital Increases Stratasys Price Target to $150.00 (SSYS)
Stock analysts at Brean Capital boosted their target price on shares of Stratasys (NASDAQ:SSYS) from $138.00 to $150.00 in a report issued on Thursday, American Banking & Market News reports. Brean Capital’s price objective indicates a potential upside of 18.48% from the stock’s previous close.
Stratasys (NASDAQ:SSYS) traded up 0.71% on Thursday, hitting $127.50. The stock had a trading volume of 723,985 shares. Stratasys has a 52 week low of $61.15 and a 52 week high of $138.10. The stock’s 50-day moving average is $121.8 and its 200-day moving average is $114.2. The company’s market cap is $6.214 billion.
A number of other firms have also recently commented on SSYS. Analysts at William Blair upgraded shares of Stratasys from an “underperform” rating to a “market perform” rating in a research note on Friday, February 14th. Separately, analysts at Credit Suisse upgraded shares of Stratasys from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 21st. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Stratasys from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 14th. They now have a $125.00 price target on the stock. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $138.33.
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.