Share on StockTwits

JPMorgan Chase & Co. raised their price objective on shares of Stratasys (NASDAQ:SSYS) from $104.00 to $138.00 in a research note issued on Wednesday. JPMorgan Chase & Co.’s price objective indicates a potential upside of 18.74% from the company’s current price.

SSYS has been the subject of a number of other recent research reports. Analysts at Jefferies Group initiated coverage on shares of Stratasys in a research note on Friday, June 20th. They set a “top pick” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Stratasys in a research note on Tuesday, May 13th. They now have a $94.00 price target on the stock. Finally, analysts at Credit Suisse cut their price target on shares of Stratasys from $144.00 to $134.00 in a research note on Monday, May 12th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $135.81.

Shares of Stratasys (NASDAQ:SSYS) opened at 116.22 on Wednesday. Stratasys has a 52 week low of $83.00 and a 52 week high of $138.10. The stock’s 50-day moving average is $96.97 and its 200-day moving average is $110.. The company’s market cap is $5.733 billion. Stratasys also saw unusually large options trading activity on Tuesday. Stock investors acquired 10,987 call options on the stock. This represents an increase of approximately 298% compared to the typical daily volume of 2,760 call options.

Stratasys (NASDAQ:SSYS) last announced its earnings results on Friday, May 9th. The company reported $0.40 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.40. The company had revenue of $150.90 million for the quarter, compared to the consensus estimate of $143.31 million. During the same quarter last year, the company posted $0.43 earnings per share. Stratasys’s revenue was up 54.0% compared to the same quarter last year. Analysts expect that Stratasys will post $2.20 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.