From MarketBeat:



The financial data and technology firm, MarketBeat, has reported that Stratasys’ stock received a “buy” rating and a target price of $16 from analysts at Needham & Company LLC. Despite a trading volume of 1,259,010 shares and a market cap of $1.00 billion, Stratasys’ stock has shown an increase of 11.5% on Tuesday, reaching $14.62. The technology company is also offering connected polymer-based 3D printing solutions.

Institutional investors and hedge funds have significantly impacted Stratasys’ stock, with several of them having recently bought and sold shares. The company’s third-quarter earnings results saw a negative return on equity of 1.99% and a negative net margin of 17.53%. Despite this, Stratasys is forecasted to post -0.31 EPS for the current fiscal year.

MarketBeat’s analysts recommend five other stocks, listing Stratasys as a “Buy” rating by analysts but not among their top picks. They also released their top five short plays for January 2024, which are available through a link provided.



Read more: Stratasys (NASDAQ:SSYS) Earns Buy Rating from Needham & Company LLC