Several brokerages have updated their recommendations and price targets on shares of Stratasys (NASDAQ: SSYS) in the last few weeks:

  • 8/7/2017 – Stratasys was given a new $27.00 price target on by analysts at Cowen and Company. They now have a “hold” rating on the stock.
  • 8/4/2017 – Stratasys had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $30.00 price target on the stock.
  • 8/2/2017 – Stratasys was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/24/2017 – Stratasys is now covered by analysts at Loop Capital. They set a “hold” rating and a $24.00 price target on the stock.
  • 7/19/2017 – Stratasys had its “buy” rating reaffirmed by analysts at FBR & Co.
  • 7/18/2017 – Stratasys was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Stratasys is one of the leading 3D printing solution providers. We are positive about Stratasys’ turnaround strategies which include launching innovative products, strategic partnerships and acquisitions. The company’s sustained focus on launching new products and entering into strategic partnerships will drive long-term growth. The initiatives will help Stratasys to gain more market share as the prospect of 3D printing industry appears bright. Data from the Wohlers Report revealed that the worldwide 3D printing industry is projected to grow from $3.07 billion in 2013 to $12.8 billion by 2018, and exceed $21 billion by 2020 at a CAGR of 34%. However, the company’s tepid outlook for 2017 makes us slightly cautious about its near-term prospect. Moreover, some customers are delaying their purchases owing to the current economic conditions. Noatbly, the stock has underperformed the broader market over the last one year.”
  • 7/13/2017 – Stratasys is now covered by analysts at Susquehanna Bancshares Inc. They set a “neutral” rating and a $22.00 price target on the stock.
  • 7/12/2017 – Stratasys was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $27.00 price target on the stock. According to Zacks, “Stratasys is one of the leading 3D printing solution providers. Estimates for the stock have remained stable off late. It seems that Stratasys’ turnaround strategies which include launching innovative products, strategic partnerships and acquisitions, are paying off as evident from its last quarterly results. The company’s sustained focus on launching new products and entering into strategic partnerships will drive long-term growth. The initiatives will help Stratasys to gain more market share as the prospect of 3D printing industry appears bright. However, the company’s tepid outlook for 2017 makes us slightly cautious about its near-term prospect. Moreover, some customers are delaying their purchases owing to the current economic conditions. The stock has underperformed the broader market in the last one year period.”
  • 6/26/2017 – Stratasys was downgraded by analysts at Goldman Sachs Group, Inc. (The) from a “neutral” rating to a “sell” rating. They now have a $20.00 price target on the stock.

Shares of Stratasys, Ltd. (NASDAQ:SSYS) traded down 1.92% on Wednesday, reaching $21.96. The company’s stock had a trading volume of 871,387 shares. The stock’s market capitalization is $1.16 billion. Stratasys, Ltd. has a 1-year low of $16.37 and a 1-year high of $30.88. The stock has a 50-day moving average of $24.50 and a 200 day moving average of $23.25.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.10. The business had revenue of $170 million during the quarter, compared to the consensus estimate of $167.82 million. Stratasys had a negative net margin of 10.17% and a negative return on equity of 0.03%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 EPS. On average, equities analysts forecast that Stratasys, Ltd. will post $0.28 EPS for the current year.

Stratasys, Inc is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.

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