Stifel analyst Patrick Newton reiterated his Buy rating and $50 price target on 3D Systems (NYSE: DDD) after the company announced several new printers, material options, and other products to be showcased at next week’s EuroMold 2014 show in Frankfurt, Germany.
"We have been anticipating 3D Systems would be announcing new printers and products headed into EuroMold as the tradeshow represents one of the world’s largest shows for mold making, tooling design, and application development," Newton comments. "Additionally, 3D Systems had previously announced during its September quarter earnings call that it would be showcasing new products at the tradeshow."
He added, "Today’s new product announcements serve to reinforce our view 3D Systems has assembled, and is expanding, one of the most robust Additive Manufacturing printing portfolios in the industry, while cultivating the ecosystem through software, services, and scanning investments. We also view 3D Systems as a leader in the secularly growing Additive Manufacturing industry with meaningful company-specific growth opportunities."
For an analyst ratings summary and ratings history on 3D Systems click here. For more ratings news on 3D Systems click here.
Shares of 3D Systems closed at $34.07 yesterday. |
