JP Morgan: Formlabs Release Could be Negative for 3D Systems
JP Morgan has published a report on 3D Systems Corporation (NYSE: DDD) that commented on the potential negative implications for the company as a result of a Formlabs debut on Wednesday.
In the report, JP Morgan wrote, "Formlabs, a Boston-based start-up company, is introducing the Form 1 3D printer at under $3,000, possibly tomorrow (see website: www.formlabs.com). The printer uses low-cost Blu-ray lasers to cure plastic polymer, enabling the creation of high-resolution prototypes of up to 5x5x5 inches in size. The technology could be disruptive owing to very low-cost desk-top lasers (under $10.00), presenting a threat to incumbent 3D printer solutions at the low-end of the market in the near-term. If the Formlabs technology scales then, it could also present a threat at the highend of the market (e.g. laser sintering production systems), in the longerterm. First take: potential negative for DDD."
JP Morgan maintained its Underweight rating on 3D Systems, which is currently trading up 0.20 percent from Monday's $35.57 closing price.
Latest Ratings for DDD
|Sep 2014||Pacific Crest||Downgrades||Outperform||Sector Perform|
|Sep 2014||Morgan Stanley||Initiates Coverage on||Equal-weight|
|Aug 2014||Stifel Nicolaus||Initiates Coverage on||Buy|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.