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Equities researchers at Needham & Company LLC boosted their target price on shares of Stratasys (NASDAQ:SSYS) to $140.00 in a research report issued on Friday. Needham & Company LLC’s price objective would indicate a potential upside of 23.14% from the stock’s previous close.

Shares of Stratasys (NASDAQ:SSYS) opened at 113.69 on Friday. 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 $5.608 billion. Stratasys also saw some unusual options trading activity on Wednesday. Traders acquired 2,260 call options on the stock. This represents an increase of approximately 105% compared to the typical 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 (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 67.6% on a year-over-year basis. On average, analysts predict that Stratasys will post $2.20 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of Stratasys from $126.00 to $130.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Stratasys has a consensus rating of “Buy” and an average target price of $138.06.

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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