SSYS stock gained after an analyst at JPMorgan Chase (JPM) raised his rating on SSYS stock to “Overweight.” The analyst called SSYS “a core holding for tech growth investors,” noting that SSYS had positive revenue growth potential over the next three years, Seeking Alpha notes.
The JPM analyst reaffirmed a $125 per share price target for SSYS stock.
Earlier this month, a magazine article urging investor caution over the 3D printing sector sent 3D printing stocks down.
SSYS stock closed at $106.45 per share on Friday. Over the past 12 months, SSYS stock has climbed more than 50%.