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