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UPDATE: Deutsche Bank Initiates Coverage on Stratasys on Expected Continued Benefits from Market Growth

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In a report published Tuesday, Deutsche Bank analyst Sherri Scribner initiated coverage on Stratasys Ltd. (NASDAQ: SSYS) with a Buy rating and $140.00 price target.

In the report, Deutsche Bank noted, “We expect Stratasys to continue to benefit from the growth in the nascent additive manufacturing market, driven by its leading position in FDM, one of the most cost-effective technologies available today. The company has the highest gross margins in the industry, and we expect operating margins to improve over the next few quarters, driving faster EPS growth. With strong industry growth just beginning to take off, we view Stratasys as one of the key beneficiaries. We see further upside to the shares based on growth and thus rate Stratasys a Buy.”

Stratasys Ltd. closed on Monday at $117.67.

Latest Ratings for SSYS

DateFirmActionFromTo
Jan 2019UpgradesNeutralOverweight
Aug 2018MaintainsUnderperformUnderperform
May 2018MaintainsHoldHold

View More Analyst Ratings for SSYS
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Posted-In: Deutsche Bank Sherri ScribnerAnalyst Color Initiation Analyst Ratings

 

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