SSYS Stock Heads Higher on JPMorgan Upgrade

JPM has set a $125 price target for the stock


Stratasys185 SSYS Stock Heads Higher on JPMorgan Upgrade3D printer manufacturer Stratasys (SSYS) received a vote of confidence from a Wall Street bank on Monday, sending SSYS stock up about 1%.

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.

Day Trading 1851 SSYS Stock Heads Higher on JPMorgan Upgrade
3D Printing Stocks: DDD, SSYS Lower on 3D Systems Downgrade

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%.

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