Analyst Rating Update on Stratasys Ltd. (SSYS)

Stratasys Ltd. (SSYS) : The consensus on Stratasys Ltd. (SSYS) based on 13 analyst recommendation on the company stock is 2.69, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Stratasys Ltd. (SSYS).

Stratasys Ltd. (SSYS) : The highest level Stratasys Ltd. (SSYS) is projected to reach is $30 for the short term and the lowest estimate is at $19. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $24.44 and the possibility the share price can swing is $3.43.

Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Piper Jaffray, downgrades their rating on the shares of Stratasys Ltd. (NASDAQ:SSYS). Piper Jaffray has a Neutral rating on the shares. Previously, the analysts had a Overweight rating on the shares. As per the latest research report, the brokerage house lowers the price target to $24 per share from a prior target of $32. The rating by the firm was issued on July 18, 2016.


Stratasys Ltd. (NASDAQ:SSYS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.01 and $19.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.40, notching a gain of 5.37% for the day. The total traded volume was 3,310,381 . The stock had closed at $19.36 on the previous day.

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