Market Overview

UPDATE: Piper Jaffray Upgrades Stratasys to Overweight on Secular Growth in 3D Printing

Related SSYS
What's Ahead For 3D Systems?
3 Problems The 3D Printing Industry Must Overcome
Making Money With Charles Payne: 10/14/14 (Fox Business)

Piper Jaffray raised its rating on Stratasys (NASDAQ: SSYS) from Neutral to Overweight and established a $76 price target

Piper Jaffray commented, "We are upgrading Stratasys to Overweight from Neutral given our belief the 3D printing industry will experience strong secular growth. We believe the growing adoption of 3D CAD, coupled with increased awareness and price elasticity will drive higher 3D printer penetration, which should provide a multiple effect on unit growth. This growing system installed base creates a growing annuity of high margin material sales sold into a captive audience. … Given the increasing adoption of 3D printing for prototyping, DDM, consumer applications and the high margin characteristics of material sales, we believe investors need exposure to this space."

Stratasys closed at $64.85 on Monday.

Latest Ratings for SSYS

DateFirmActionFromTo
Nov 2014Brean CapitalMaintainsBuy
Nov 2014Canaccord GenuityMaintainsBuy
Sep 2014Morgan StanleyInitiates Coverage onOverweight

View More Analyst Ratings for SSYS
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

Related Articles (SSYS)

Around the Web, We're Loving...

Get Benzinga's Newsletters