whippy day, chinese dragons BIDU & company sold off, DDD 3rd time selling down from 97 on the open did bounce back with the SPY, maybe declaring a top perhaps all will move with the SPY tmorrow, heres a couple of notes out this am
Analyst sees 3D printers moving closer to consumer adoption
| With the launch of new, more affordable products this week, the 3D printing sector has moved closer to bringing about consumer adoption of its products, research firm Pacific Crest wrote. WHAT'S NEW: 3D printer makers made progress towards spurring consumer adoption of their products earlier this week at the Consumer Electronics Show, Pacific Crest analyst Weston Twigg wrote in a note to investors. But in the medium term consumer sales should remain relatively small, until prices drop further and the devices become simpler, the analyst believes. Nevertheless he expects the industry to grow at a 22% compound annual rate through 2020, driven by corporations. Not until 2017 will consumers begin buying 3D printer products in significant numbers, Twigg wrote.
WHAT'S NOTABLE: The high valuation of the 3D printer stock is challenging, but the outlook for the industry is compelling, according to the analyst. Twigg identifies 3D Systems as his favorite name in the sector, but warns that the stock may not rise significantly in the near-term. Nonetheless he kept a Buy rating on the stock. He also has a Buy rating on another name in the sector, Stratasys (SSYS). Twigg kept a $96 price target on 3D Systems and a $145 price target on Stratasys.
PRICE ACTION: In mid-afternoon trading, 3D Systems lost 0.6% to $95.56 but was above its earlier low point below $94. Similarly Stratasys lost 0.2% to $132.99 but was off its daily low. OTHERS TO WATCH: Other companies in the sector include ExOne (XONE) and Voxeljet (VJET). Intel (INTC) recently announced a partnership with 3D Systems and Hewlett-Packard (HPQ) has said that it is seeking to enter the 3D printing market. |
| |  | DDD | | : | 3D printer sector outlook 'compelling,' says Pacific Crest | | Pacific Crest believes that during the CES tech conference, the 3D printer sector moved closer towards promoting broad use of their products among consumers. The firm, however, still expects professional and industrial users to provide the primary near-term growth catalysts for the sector. It views valuation as "a challenge" for the group, but finds the sector's outlook "compelling." Pacific Crest keeps an Outperform rating on 3D Systems (DDD) and a Sector Perform rating on Stratasys (SSYS). |
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