There is some talk that Stratasys would be interested in acquiring Sweden's Arcam having just raised another $463 million.
Upon announcement of both the Objet and Makerbot acquisitions the stock of the acquirer, Stratasys, popped.
In a report published Monday, Bank of America analyst Wamsi Mohan initiated coverage on Stratasys Ltd. (NASDAQ: SSYS with a Buy rating and $116.00 price target.See also yesterday's "Credit Suisse Initiates On 3D Printer Co's: '3D printing will change the world"'.
In the report, Bank of America noted, “We are initiating coverage on Stratasys with a Buy rating and price objective of $116. In our opinion, the 3D printing space has a rapidly growing TAM (22% CAGE through 2017) and Stratasys (58% unit share) with its acquisitions of Objet and Makerbot uniquely addresses a broad spectrum of end markets at all price points. The market remains an early stage opportunity with significant growth, in our view.”...
Other recent analyst actions:
JPMorgan Chase & Co. raised their price target on shares of Stratasys (NASDAQ:SSYS) from $95.00 to $101.50 in a research note to investors on Monday, September 16th. They now have a “neutral” rating on the stock.
Brean Capital reiterated a “buy” rating on shares of Stratasys (NASDAQ:SSYS) in a research note to investors on Wednesday, September 4th.