After Nano Dimension (NNDM) announced it has made an offer to acquire all the remaining shares of Stratasys (SSYS) for $18 per share, or roughly $1.2B, Lake Street analyst Troy Jensen noted that this represents a 36% premium to the closing price on March 1. However, he believes Stratasys and its largest shareholders will not accept this "lowball offer" given the steep discount to industry peers and recent consolidation in the space. The firm, which believes Stratasys shares could see "meaningful upside from current levels," reiterates a Buy rating and $22 price target on the shares.
Published first on TheFly
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Read More on SSYS:
- Investors and Analysts Hate Nano Dimension’s Buyout Plan
- Nano Dimension Down after Acquisition of Stratasys
- Stratasys confirms unsolicited acquisition proposal from Nano Dimension
- Nano Dimension offers to acquire Stratasys for $18 per share
- Stratasys price target raised to $22 from $20 at Lake Street
