FBR Capital Thinks Stratasys’ Stock is Going to Recover

By Jason Carr

FBR Capital analyst Christopher Van Horn reiterated a Buy rating on Stratasys (NASDAQ: SSYS) today and set a price target of $24. The company’s shares opened today at $18.25, close to its 52-week low of $16.37.

According to TipRanks.com, Horn is a 5-star analyst with an average return of 12.7% and a 64.3% success rate. Horn covers the Consumer Goods sector, focusing on stocks such as Standard Motor Products, Harman International, and Tower International.

Stratasys has an analyst consensus of Moderate Buy, with a price target consensus of $22.50.

Based on Stratasys’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $157 million and GAAP net loss of $20.83 million. In comparison, last year the company earned revenue of $173 million and had a GAAP net loss of $232 million.

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Stratasys Ltd. engages in the provision of additive manufacturing solutions for the production of parts used in the process of designing and manufacturing products for the manufacturer of end parts. Its systems include desktop 3D printers for idea and design development, various systems for rapid prototyping and large production systems for direct digital manufacturing. It also develops, manufactures and sells materials for use with its systems and provides related service offerings to its customers. The company was founded on March 3, 1998 and is headquartered in Eden Prairie, MN.