Piper Jaffray On SSYS Estimates

Piper Jaffray has issued a report on the estimates for Stratasys Inc

. According to the report, "Based on conversations with industry sources and Q1 channel checks, we believe demand in the 3D printing market has improved and we believe Stratasys is likely to report results in line with or exceeding the consensus estimates. Sales of high-end Fortus systems appear to be pacing well ahead of plan in both Europe and the U.S., with multiple resellers recording their strongest ever Q1 sales of the line. Importantly, sales of high-end machines will lead to favorable operating leverage in the future, as sales of higher margin consumables increase." SSYS is rated Neutral and has a $39.00 Price Target. SSYS traded at $47.27 yesterday at closing.