Stratasys Price Target Raised to $130.00 at RBC Capital (SSYS)
RBC Capital raised their price objective on shares of Stratasys (NASDAQ:SSYS) from $126.00 to $130.00 in a research note issued on Friday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective suggests a potential upside of 14.35% from the company’s current price.
A number of other firms have also recently commented on SSYS. Analysts at Brean Capital raised their price target on shares of Stratasys from $130.00 to $140.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $140.47.
Shares of Stratasys (NASDAQ:SSYS) traded up 0.21% on Friday, hitting $113.93. The stock had a trading volume of 1,138,065 shares. Stratasys has a 1-year low of $85.30 and a 1-year high of $138.10. The stock’s 50-day moving average is $105.5 and its 200-day moving average is $106.1. The company’s market cap is $5.620 billion. Stratasys also was the target of unusually large options trading on Wednesday. Traders acquired 2,260 call options on the company. This is an increase of approximately 105% compared to the typical daily volume of 1,105 call options.
Stratasys (NASDAQ:SSYS) last released its earnings data 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. Analysts expect that Stratasys will post $2.25 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.
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