Stratasys Shares Surge 5% After Analyst Upgrades Stock to ‘Buy’ Rating with $15 Price Target
January 5, 2023
Trending News ☀️
STRATASYS LTD ($NASDAQ:SSYS) is a leading manufacturer of 3D printing and additive manufacturing solutions. The company is currently headquartered in Eden Prairie, Minnesota. STRATASYS LTD is the largest 3D printing solutions provider in the Americas, Europe, and Asia-Pacific. On Wednesday, Needham analyst James Ricchiuti upgraded Stratasys to a ‘Buy’ rating and set a price target of $15. Ricchiuti cited the 3D printer firm’s impressive track record of outperforming Wall Street expectations and delivering five quarters of positive earnings in a row.
Additionally, the analyst commented that Stratasys’ current valuation is its lowest in recent memory, which could be factoring in potential challenges it may face in 2023. The upgrade from Needham sent Stratasys shares up 5% in premarket trading on Wednesday. Investors reacted favorably to the news, as it signals that Stratasys is well positioned to make further gains in the coming months. The positive analyst report highlights the strong potential for Stratasys to continue its trajectory of success. With its competitive market position, robust product portfolio, and experienced management team, Stratasys is well-positioned to capitalize on the growing demand for 3D printing solutions. Moving forward, investors will be watching closely to see if Stratasys can maintain its impressive performance and continue to deliver positive earnings results in the quarters ahead.
Price History
This surge in the stock comes after months of negative media coverage for the company. The analyst believes that Stratasys Ltd is well-positioned for long-term growth and believes that the stock will see further upside in the near future. The analyst believes that the company’s 3D printing technology and services will be a major driver of growth in the long term and that the company’s recent acquisitions have increased its presence in the market. The analyst also pointed out that Stratasys Ltd has been successful in developing new products and technologies and that this has allowed them to stay competitive in the industry.
The analyst believes that the company’s strong fundamentals, strong balance sheet, and its focus on innovation will help drive the stock higher in the future. Overall, investors seem to be confident in Stratasys Ltd’s future prospects and are buying into the stock despite the negative media coverage. It will be interesting to see if the company can continue to deliver on its growth plans and if its stock will continue to rise in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Stratasys Ltd. More…
| Total Revenues | Net Income | Net Margin |
| 659.24 | -31.42 | -9.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Stratasys Ltd. More…
| Operations | Investing | Financing |
| -52.86 | -123.99 | 2.95 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Stratasys Ltd. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.27k | 318.67 | 14.21 |
Key Ratios Snapshot
Some of the financial key ratios for Stratasys Ltd are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.3% | 43.3% | -11.4% |
| FCF Margin | ROE | ROA |
| -12.1% | -5.0% | -3.7% |
VI Analysis
For any investor, understanding the fundamentals of a company is essential in order to determine its long term potential. To make this process simpler and more efficient, VI App offers a comprehensive analysis of financial and business aspects of every company. VI App’s Risk Rating for STRATASYS LTD is ‘high risk’. This implies that there are certain risks associated with investing in this company that should be taken into account. In particular, the app has detected two risk warnings in the company’s income sheet and balance sheet that may affect the company’s performance in the future. It is important to note that the Risk Rating provided by VI App is only an indication of the risks associated with investing in a particular company and should not be taken as financial advice. Investors should always conduct their own research and seek professional advice before investing. Furthermore, even if a company has a high risk rating, it does not necessarily mean that it is a bad investment. Rather, investors must consider all factors before deciding whether or not to invest in a company. More…
VI Peers
The company’s products are used in a variety of industries, including aerospace, automotive, healthcare, and consumer products. Stratasys Ltd has a wide range of competitors, including WEP Solutions Ltd, MGI Digital Graphic Technology SA, and HiTi Digital Inc.
– WEP Solutions Ltd ($BSE:532373)
WEP Solutions Ltd is an information technology company that provides a range of services, including software development, enterprise resource planning, and cloud computing. The company has a market cap of 839.61M as of 2022 and a Return on Equity of 6.32%.
– MGI Digital Graphic Technology SA ($OTCPK:FRIIF)
MGI Digital Graphic Technology SA is a Swiss manufacturer of digital printing and finishing solutions for the graphic arts industry. The company has a market capitalization of 184.68 million as of 2022 and a return on equity of 4.79%. MGI Digital Graphic Technology SA designs, manufactures, and markets a range of digital printing and finishing solutions, including printers, print heads, inks, and software. The company’s products are used in a variety of applications, such as signage, packaging, labels, and commercial printing.
– HiTi Digital Inc ($TWSE:3494)
HiTi Digital Inc is a publicly traded company with a market cap of 1B as of 2022. The company has a Return on Equity of -23.92%. HiTi Digital Inc is engaged in the business of digital textile printing, photo printing, and ID card printing.
Summary
Stratasys Ltd. has been receiving a lot of attention from investors recently. A major analyst firm recently upgraded the stock to a “Buy” rating with a $15 price target, causing the stock to surge 5%. Despite the negative media coverage that the company has received in the past, investors have been optimistic about the company’s performance, as evidenced by the stock’s performance. As Stratasys Ltd. continues to expand and develop its products and services, investors should continue to keep an eye on the company as it could be a good investment opportunity.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
