Piper Jaffray Reiterates Overweight Rating, $94 PT on Stratasys Ltd. on Solid Q4 Results
In a report published Monday, Piper Jaffray reiterated its Overweight rating and $94.00 price target on Stratasys Ltd. (NASDAQ: SSYS).
Piper Jaffray noted, “Stratasys reported solid Q4 results with revenues of $96.4 million increasing 23% on a year/year basis and non GAAP EPS of $0.41. Operating income increased 19.0% year/year and net income increased 40.9% y/y. The results versus consensus comparison is difficult this quarter with the consensus pool consisting of estimates that excluded and included none or partial results from Objet, so we will compare the results versus our industry high estimates that included a full quarter contribution from Objet.”
Stratasys Ltd. closed on Friday at $64.26.
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