10 Best 3D Printing Stocks To Buy Right Now

7. Stratasys Ltd. (NASDAQ:SSYS)

Number of Hedge Fund Holders: 20

Stratasys Ltd. (NASDAQ:SSYS), founded in Minnesota and headquartered in Israel, manufactures 3D printers and 3D production systems for office-based fast prototyping and direct digital manufacturing solutions. The company services a wide range of businesses, including aerospace and automotive components manufacturers, medical and dentistry enterprises, and producers of simple consumer goods.

The 3D printing company announced preliminary adjusted net income in the fourth quarter of $8.1 million to $8.6 million, above the consensus expectation of $7.02 million. This follows Fortissimo’s purchase of 11,650,485 freshly issued ordinary shares, increasing its ownership to approximately 15.5% of Stratasys’ issued and outstanding ordinary shares.

On February 11, Cantor Fitzgerald maintained its Overweight rating on Stratasys Ltd. (NASDAQ:SSYS), with a price target of $12. According to the firm, Stratasys anticipates a sequential increase in hardware revenue, but consumable sales will be lower than in the third quarter of 2024. Based on current revenues of $578 million, Stratasys Ltd. (NASDAQ:SSYS) expects an adjusted EBITDA margin of 8%.