Stratasys Ltd. (SSYS) Stays In The Penalty Box For Now - Needham & Company

Needham & Company analyst, James Ricchiuti, visited Stratasys Inc. (NASDAQ: SSYS) this week in Minnesota to discuss a range of topics, including the industry environment, the pending departure of the company’s CEO, and competitive landscape. The analyst remains positive on the long term prospects of the company but in the short run, he expects only gradual improvement in SSYS' financials. The departure of David Reis as CEO, should not be surprising, given the industry turmoil. The analyst expects SSYS shares to trade in a narrow range over the next several months.

No change to Buy rating or $26 PT.

For an analyst ratings summary and ratings history on Stratasys Inc. click here. For more ratings news on Stratasys Inc. click here.

Shares of Stratasys Inc. closed at $22.95 yesterday.

You May Also Be Interested In

• Needham Reiterates Buy Rating on Amazon.com (AMZN), Raises Estimates
• Stratasys (SSYS) Unveils Direct-to-Garment Solution
• Piper Sandler Downgrades Southwestern Energy (SWN) to Neutral