Shares Of Stratasys Respond To William Blair Upgrade

Shares of Stratasys (NASDAQ: SSYS) respond to William Blair analyst Brian Drab's upgrade. Drab upgraded Stratasys from Underperform to Market Perform.

William Blair reported that they have confidence in the company hitting over 20% EPS growth in the upcoming years. The analyst noted Stratasys' core business strength, new products, the company's integration of Objet, and the upside in expectations for MakerBot. Drab expects shares of Stratasys to perform in-line with the market over the next 12 months.

According to Bloomberg data, analysts average estimate for EPS growth in 2014 is 22%.

Stratasys closed at $118.23 on Thursday. Shares have traded as high as $123.45 on Friday, up 4.415%.