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Why Stratasys Stock Popped Before Earnings
3-D printer-maker Stratasys (NASDAQ: SSYS) won’t report third-quarter earnings until Nov. 4 — but that fact didn’t deter analysts at Craig-Hallum from upgrading its stock Monday morning. As StreetInsider.com reports, “conversations with resellers, industry consultants, competitors and customers … over recent weeks [have the firm feeling] more confident in the potential reaccelerating growth at Stratasys.” Demand trends for 3-D printers “continue to improve,” says the analyst, and Stratasys is pioneering at least “three new technologies” that Craig-Hallum believes create “potential for meaningful outperformance and upside” in the stock “both near term and in FY22.”
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