FBR Capital Believes Stratasys (NASDAQ: SSYS) Won’t Stop Here

By Austin Angelo

FBR Capital analyst Christopher Van Horn reiterated a Buy rating on Stratasys (NASDAQ: SSYS) today and set a price target of $33. The company’s shares closed yesterday at $30.66, close to its 52-week high of $30.88.

According to TipRanks.com, Horn is a 5-star analyst with an average return of 13.6% and a 65.1% success rate. Horn covers the Consumer Goods sector, focusing on stocks such as Standard Motor Products, Harman International, and Tower International.

Currently, the analyst consensus on Stratasys is Moderate Buy and the average price target is $31.67, representing a 3.3% upside.

In a report issued on May 3, Jefferies also reiterated a Buy rating on the stock with a $24 price target.

The company has a one year high of $30.88 and a one year low of $16.37. Currently, Stratasys has an average volume of 898.1K.

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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. The company also develops, manufactures and sells materials for use with its systems and provides related service offerings to its customers. Stratasys was founded on March 3, 1998 and is headquartered in Eden Prairie, MN.