Market Overview

UPDATE: Canaccord Genuity Reiterates Buy Rating, Raises PT on 3D Systems Corporation

Related DDD
Vortex VR Partners With 3D Systems To Launch Virtual Reality Mobile Phone Case And Head Mounted Display
Stratasys Shares Lead 3D Printing Sector Higher Following Stifel New Coverage, Comments
Will.i.am Debuts First 3D Printer for 3D Systems (Fox Business)

In a report published Friday, Canaccord Genuity reiterated its Buy rating on 3D Systems Corporation (NYSE: DDD), and raised its price target from $40.00 to $48.00.

Canaccord Genuity noted, “We reiterate a BUY following strong results and increased 2012 guidance driven by strong organic growth for printers and materials. With a substantially expanded channel, we expect DDD to make steady progress toward 75% recurring revenue and associated higher margins. We also see Cube poised to become a meaningful contributor to the top line by H2/13, as unit sales and materials sales are exceeding internal plan. We are increasing our estimates and raising our price target to $48.”

3D Systems Corporation closed on Thursday at $40.85.

Posted-In: Canaccord GenuityAnalyst Color Price Target Analyst Ratings

 

Related Articles (DDD)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters