by Sam Collins | October 15, 2013 1:21 am
Stratasys (SSYS) — This maker of three-dimensional printers and 3D production systems for office-based rapid prototyping has only one competitor, 3D Systems (DDD), which I covered on Aug. 27. Stratasys’ merger with Objet Geometries took out the other major player in this industry. And the merger, it is reasoned by analysts, created a worldwide leader in 3D printing.
On Sept. 16, with SSYS at about $93.50 I said, “While 3D Systems has a slight edge in marketing, Stratasys has a greater geographic footprint, and both companies should prosper. SSYS is expected to earn $1.86 per share this year and $2.54 in 2014. Analysts’ mean target is $112.”
SSYS that could pull back to its major support line and should be bought under $95 with a trading target of $110. The stock can also be held for long-term appreciation.
Source URL: http://investorplace.com/2013/10/trade-day-stratasys-ssys/
Short URL: http://invstplc.com/1fzbBNR
Copyright ©2014 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.