Stratasys (SSYS): Demos Two New Industrial Grade Technologies Ahead Of IMTS - Needham

August 24, 2016 8:11 AM EDT
Get Alerts SSYS Hot Sheet
Price: $19.86 +1.27%

Rating Summary:
    11 Buy, 15 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 17 | New: 10
Trade SSYS Now!
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

Needham & Company analyst, James Ricchiuti reiterated his Buy rating on shares of Stratasys Inc. (NASDAQ: SSYS) after the company previewed two new next-generation industrial-grade FDM and extrusion 3D printing technologies. These new products are designed for producing large parts for the aerospace and automotive markets and composite parts using an 8-axis motion system. Formal demonstrations of the technologies will begin at the International Manufacturing Technology Show (IMTS) in Chicago early next month.

The analyst stated "The technology demonstration should help answer at least in part concerns some investors have had about SSYS's competitive position in the market as established 3D printing competitors and new players like HP and Carbon attempt to address the gap in fit, form, and function between prototyping and advanced additive manufacturing".

No change to the price target of $24.00.

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 $22.53 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments

Related Entities

Needham & Company

Add Your Comment