Stratasys Given New $140.00 Price Target at Brean Capital (SSYS)
Investment analysts at Brean Capital lifted their price objective on shares of Stratasys (NASDAQ:SSYS) from $130.00 to $140.00 in a note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Brean Capital’s price target would suggest a potential upside of 23.14% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cowen and Company initiated coverage on shares of Stratasys in a research note on Tuesday, July 15th. They set an “outperform” rating and a $150.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Stratasys from $104.00 to $138.00 in a research note on Wednesday, July 2nd. They now have an “overweight” rating on the stock. Finally, 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. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $140.47.
Stratasys (NASDAQ:SSYS) traded up 0.18% on Friday, hitting $113.89. The stock had a trading volume of 1,138,165 shares. Stratasys has a one year low of $85.30 and a one year high of $138.10. The stock has a 50-day moving average of $105.5 and a 200-day moving average of $106.1. The company’s market cap is $5.618 billion. Stratasys also saw some unusual options trading on Wednesday. Stock traders acquired 2,260 call options on the stock. This represents an increase of 105% compared to the average volume of 1,105 call options.
Stratasys (NASDAQ:SSYS) last announced its earnings results on Thursday, August 7th. The company reported $0.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.10. The company had revenue of $178.50 million for the quarter, compared to the consensus estimate of $156.60 million. During the same quarter last year, the company posted $0.45 earnings per share. Stratasys’s revenue was up 67.6% compared to the same quarter last year. On average, analysts predict that Stratasys will post $2.25 earnings per share 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.
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