William Blair analyst Brian Drab has maintained their neutral stance on SSYS stock, giving a Hold rating on July 29.
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Brian Drab has given his Hold rating due to a combination of factors affecting Stratasys. The company’s recent reduction in full-year guidance has led to a noticeable decline in its stock value, with shares dropping by 12%. Although Stratasys’s second-quarter revenue slightly surpassed expectations, the overall forecast for the year has been adjusted downward, indicating a potential decrease in revenue and earnings per share compared to previous estimates.
Management has pointed to extended sales cycles with key customers as a reason for the lowered guidance, which suggests ongoing challenges in achieving significant business growth. While consumable sales are helping to sustain gross margins, the broader adoption of additive manufacturing is slower than anticipated, and customer spending has decreased. These factors contribute to a challenging operating environment, leading to limited visibility for future growth prospects, which supports the decision to maintain a Hold rating.
In another report released on July 29, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $11.50 price target.