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Fly News Breaks for November 2, 2018
SSYS
Nov 2, 2018 | 06:35 EDT
Loop Capital analyst Ananda Baruah kept his Hold rating and $21 price target on Stratasys after its in-line Q3 revenue and an earnings beat driven by "solid higher-end printer placements and the benefit from cost actions". The analyst notes that the company's structural progress remains on track, but he prefers to wait for the next catalyst that would drive revenue growth to 15%-20% rate from the current low-single-digit trend and an organic growth rate of over 5%.
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