Stratasys (SSYS) Should Have Strong Momentum into FY14, Buy on Weakness - Analyst (DDD)

January 8, 2014 2:59 PM EST
Get Alerts SSYS Hot Sheet
Price: $19.46 +0.10%

Rating Summary:
    11 Buy, 15 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 22 | New: 54
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Canaccord Genuity maintains its Buy rating and $140 price target on Stratasys (Nasdaq: SSYS), but sees strong momentum for the stock heading into 2014 following a meeting at 2014 CES in Las Vegas this week.

Key points made by analyst Bobby Burleson include:
  • MakerBot introducing new 3-D printers for the consumer. The New 3D printers include the Replicator Mini consumer printer with an ASP of $1375, Replicator consumer printer with an ASP of $2899 and Replicator Z18 prosumer 3D printer with a heated build chamber and an ASP of $6499, Burleson said; and

  • Stratasys also introduced the new MakerBot 3D printing platform, which includes new desktop and mobile applications; PrintShop to create and 3D print unique items; a Digital Store with MakerBot Verified 3D collections and models; and an exclusive alliance with SoftKinetic a leading provider of 3D vision and gesture recognition technologies used in Intel's perceptual computing platform.
While Burleson sees additive manufacturing (AM) names pulling back after CES, any weakness in Stratasys should be a buying opportunity given its valuation discount to 3D Systems (NYSE: DDD) and accelerating revenue growth.

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 $130.95 yesterday, with a 52 week range of $60.20 - $138.10.

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