The price of SSYS is predicted to go up -4.92%, based on the high correlation periods with CTHR. The similarity of these two price pattern on the periods is 98.24%.
SSYS
CTHR
Down: -4.92%Similarity: 98.24%
SSYS Revenue Forecast
SSYS EPS Forecast
SSYS FAQs
What is bull’s view on SSYS?
SSYS stock is currently trading at $9.96, showing an 18.7% premarket surge after better-than-expected Q3 2024 earnings and revenue. Bullish sentiment stems from improved cash flow, cost-cutting measures, and a reiterated FY24 revenue outlook of $570M-$580M, positioning the company for profitability in 2025. Analysts have raised price targets, with Craig-Hallum projecting $15, indicating a 56% upside potential.
What is bear's view on SSYS?
SSYS stock is currently bearish due to weak financial performance, with Q3 2024 revenue down 13.6% year-over-year and adjusted EPS of $0.01 barely beating expectations. Despite restructuring efforts and a FY24 revenue outlook of $570M-$580M, the stock faces challenges from declining hardware sales and macroeconomic pressures. With a recent price of $9.96, it remains under pressure, and further downside is possible if market conditions do not improve.
What is SSYS revenue forecast for next quarter?
The market consensus for SSYS's revenue in the upcoming quarter is projected to be approximately $137.84M USD.
What is SSYS eps forecast for next quarter?
The market consensus for SSYS's eps in the upcoming quarter is projected to be approximately $0.046 USD.
Craig-Hallum raised the firm's price target on Stratasys to $15 from $12 and keeps a Buy rating on the shares. The firm says that the narrative at Stratasys has changed over recent quarters, evolving from "just growth" to profitable growth, cash flow and capital allocation. As a result, for the first time ever, Craig-Hallum is "thinking about potential earnings power," which it believes will make this stock more attractive to institutional investors. Following a soon-to-be completed restructuring, the company is on a path to double-digit EBITDA margins and the firm sees a realistic path to $1 in EPS when the cycle turns in its favor.