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Needham Keeps a Hold Rating on Stratasys (SSYS)

In a report released today, James Ricchiuti from Needham maintained a Hold rating on Stratasys (SSYSResearch Report). The company’s shares closed last Wednesday at $19.93, close to its 52-week low of $15.86.

According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 17.8% and a 59.2% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Teledyne Technologies, Shapeways Holdings, and Universal Display.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Stratasys with a $26.60 average price target.

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Stratasys’ market cap is currently $1.39B and has a P/E ratio of -21.40.

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Stratasys Ltd. engages in the provision of applied additive technology solutions for industries including aerospace, automotive, healthcare, consumer products and education. 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.

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