Stratasys Ltd. (SSYS) is Reiterated by Needham to Buy, Lowers Price Target to $ 26

Stratasys Ltd. (SSYS) was Reiterated by Needham to “Buy” while Lowering the Price Target of the company shares to $ 26 from a previous price target of $28 . Needham advised their investors in a research report released on May 10, 2016.

Many Wall Street Analysts have commented on Stratasys Ltd.. Stratasys Ltd. was Downgraded by Citigroup to ” Neutral” on Apr 15, 2016. Company shares were Reiterated by UBS on Mar 23, 2016 to “Sell”, Firm has raised the Price Target to $ 19 from a previous price target of $16 .Stratasys Ltd. was Downgraded by JP Morgan to ” Underweight” on Mar 7, 2016.

On the company’s financial health, Stratasys Ltd. reported $0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 9, 2016. Analyst had a consensus of $-0.05. The company had revenue of $167.90 million for the quarter, compared to analysts expectations of $164.57 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.04 EPS.

Stratasys Ltd. closed down -0.22 points or -1.03% at $21.06 with 20,21,451 shares getting traded on Friday. Post opening the session at $20.88, the shares hit an intraday low of $20 and an intraday high of $21.28 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Stratasys Ltd.

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