Wide spreads on Stratasys
Equity analysts that have the same “buy,” “hold” or “sell” recommendation on a stock can also hold widely different opinions on the stock’s price target — the forecast of where the stock will trade 12 months from now.
Two analysts have offered “buy” recommendations on Stratasys Ltd. but with widely different price targets. Brean Capital analyst Amanda Baruah gives Stratasys a price target of $150, saying: “We believe SSYS remains attractively valued at current levels.”
J.P. Morgan analyst Mark Strouse lowered his Stratasys price target on May 9, but maintained his “overweight” rating. “We are lowering our price target to $104, from $114.’’
Stratasys shares closed at $89.20 on Friday. Among the 25 analysts who cover Stratasys 19 have “buys,” five have “holds” and one “sell.” Price targets range from $90 to $165 per share.
Pentair Ltd. picked up analyst coverage from Joseph Giordano at Cowen and Co. last week. Giordano initiated his coverage with a “market perform” rating and a $70 price target. Of 22 analysts who cover the company, 13 have “buys,” eight have “holds” and one has a “sell.”