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Stratasys Soars as Revenue Jumps 23% (Update 1)

Following the earnings report, Piper Jaffray analyst Troy Jensen called the results "respectable," and noted that the 3-D printing space is likely to see strong growth in the future. "Q4 results were respectable and we believe the revenue growth and big backlog increase speak to the strong demand this space is experiencing," Jensen wrote in his note. He also said that while operating expenses were above expectations he believes that is largely related to the merger and expects expenses to decline over time. Jensen rates shares "overweight" with a $94 price target.

Strong results for Stratasys come a week after rival 3-D printing company 3D Systems (DDD - Get Report) posted its fourth-quarter results, which missed analysts' estimates.

Shares of Stratasys rose in Monday trading, up 6.61% to $68.51.

-- Written by Chris Ciaccia in New York

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