Stratasys price target raised to $15 from $12 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Stratasys (SSYS) to $15 from $12 and keeps an Overweight rating on the shares ahead of the Q4 results on Wednesday. The company’s preannouncement included Q4 revenue and profitability that comfortably exceeded forecasts, with an “industry-leading” 9%+ EBITDA margin, the analyst tells investors in a research note. The firm anticipates a cautiously optimistic revenue outlook for 2025, likely to be up low-single digits on a year over year basis. Cantor also wonders whether Desktop Metal (DM) is back on its acquisition radar, or possibly an acquisition of Nano Dimension (NNDM) now that the board is being run by activist-appointed professionals.