UPDATE: Jefferies Initiates Coverage on Stratasys on Market Leader Position
In a report published Wednesday, Jefferies analyst Peter Misek initiated coverage on Stratasys Ltd. (NASDAQ: SSYS) with a Buy rating and $155.00 price target.
In the report, Jefferies noted, “Stratasys is the market leader in material extrusion/FDM and material jetting. We believe that Stratasys' dominance in both technologies positions the company as a major beneficiary of an inflection in prototyping demand. Of the companies we cover, Stratasys is the most leveraged toward the consumer 3D printing sector through its long history with FDM and its recent MakerBot acquisition. While we do not think the dreamland scenario of a 3D printer in every home that can print everything that anyone wants will occur, we do envision an eventual expansion of consumer 3D printers from its hobbyist base into a prototyping tool for ‘creative consumers' and for home printing of toys to become mainstream.”
Stratasys Ltd. closed on Tuesday at $121.26.
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