Stratasys (SSYS) — This maker of 3D printers and production systems for office-based rapid prototyping has only one major competitor, 3D Systems (DDD). I’ve recommended both stocks several times this year, most recently DDD on June 27.
This consensus earnings estimates for SSYS is $2.20 this year, up from $1.84 in 2013, and $2.97 in 2015. Analysts’ median price target is $130.
On Nov. 20, with the stock near $120, I pegged its trading target at $130, and it achieved a high of $138 in early January. SSYS then fizzled and fell to under $90 in May. But it has since rallied above its 200-day moving average and appears headed to $130 again, which is my trading target.
For those who would like to have a position in the future growth of the 3D printing industry, this stock is most likely now at a price that is attractive for both traders and long-term investors. The long-term objective is $150.