Market Overview

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

Related DDD
Microsoft Corporation Adds Wrinkle To Its Free 3D Printing App
Worst Performing Industries For September 15, 2014
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.

Latest Ratings for DDD

DateFirmActionFromTo
Sep 2014Pacific CrestDowngradesOutperformSector Perform
Sep 2014Morgan StanleyInitiates Coverage onEqual-weight
Aug 2014Stifel NicolausInitiates Coverage onBuy

View More Analyst Ratings for DDD
View the Latest Analyst Ratings

Posted-In: Canaccord GenuityAnalyst Color Price Target Analyst Ratings

 

Related Articles (DDD)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters