Market Overview

UPDATE: Bank of America Initiates Coverage on Stratasys on Market Leader Position

Related SSYS
3D Systems to Buy Robtec - Analyst Blog
Market Wrap For April 14: Markets Surge on Positive Retail Data, Citi Earnings

In a report published Monday, Bank of America analyst Wamsi Mohan initiated coverage on Stratasys Ltd. (NASDAQ: SSYS) with a Buy rating and $116.00 price target.

In the report, Bank of America noted, “We are initiating coverage on Stratasys with a Buy rating and price objective of $116. In our opinion, the 3D printing space has a rapidly growing TAM (22% CAGE through 2017) and Stratasys (58% unit share) with its acquisitions of Objet and Makerbot uniquely addresses a broad spectrum of end markets at all price points. The market remains an early stage opportunity with significant growth, in our view.”

Stratasys Ltd. closed on Friday at $99.49.

Posted-In: Bank of America Wamsi MohanAnalyst Color Initiation Analyst Ratings


Most Popular

Related Articles (SSYS)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free