Boston, MA 09/04/2014 (wallstreetpr) – Stratasys, Ltd. (NASDAQ:SSYS)’s coverage was initiated at Morgan Stanley (NYSE:MS). The analysts at Morgan Stanley issued an “Overweight” rating on the stock and provided $135 a share as their target price. The analysts also made interesting observations on the stock of Stratasys, a 3D-printing company.
Analysts at Morgan Stanley are the latest to issue a comment on the prospects of Stratasys. In addition to an “Overweight” rating and a target price that signals about 10% upside potential, the analysts also said the Stratasys is well-placed to take advantage of the opportunities in the 3D-printing market. They further stated that the 3D-printing is a burgeoning industry.
Bullish sentiments
A number of rating firms have recently commented on the future of Stratasys, Ltd. (NASDAQ:SSYS). For example, analysts at TheStreet rate the stock a “Buy” and they cite various strengths in the company that support their position. They say that the company’s strengths can be seen in multiple of areas that include impressive growth in net income, reasonable debt levels and robust growth in revenue among other strong points in the ticker. The other firm bullish on Stratasys is, Stifel Nicolaus, that initiated the stock with a “Buy” recommendation and issued $150 price target. Overall, the stock carries consensus “Buy” rating and an average target price of $139.56.
The excitement around Stratasys, Ltd. (NASDAQ:SSYS) is not only based on what the company is poised to achieve in the future, but also backed by what has already been achieved. The company’s most recent quarterly performance was a source of encouragement. While analysts expected EPS of $0.45, it ended up reporting EPS of $0.55. As if that was not enough, it reported $178.50 million in revenue for the quarter, surpassing the consensus estimate of $156.60 million. Revenue was also up 67.6% over the same period in the previous year.
The opportunities in 3D-printing field are so compelling that they are attracting several players into the business. Hewlett-Packard Company (NYSE:HPQ) recently announced its entry into the 3D-printing starting this fall.
