UPDATE: JPMorgan Upgrades Stratasys Inc. (SSYS) to Neutral

March 10, 2021 4:36 AM EST
Get Alerts SSYS Hot Sheet
Price: $19.87 -0.7%

Rating Summary:
    13 Buy, 16 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 25 | Down: 37 | New: 115
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(Updated - March 10, 2021 5:09 AM EST)

JPMorgan analyst Paul Coster upgraded Stratasys Inc. (NASDAQ: SSYS) from Underweight to Neutral with a price target of $29.00.

The analyst comments "SSYS is trading at ~64x our CY22 PF EPS forecast, which is a significant premium to the three-year mean P/E trading range of ~55x. On an EV/CY 22EBITDA basis the stock is trading at 22x, also a hefty premium to the historical range, though reflecting elevated multiples across industrials space. With the recent pullback we think risk reward is more balanced, the stock is trading closer to fair value, and we expect SSYS to perform in line with the mean of our coverage over the next 6-12 months."

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 $24.43 yesterday.

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