UPDATE: Piper Jaffray Raises PT on 3D Systems

In a report published on Tuesday, Piper Jaffray analyst Troy Jensen maintained 3D Systems DDD at Overweight and increased the price target from $42.00 to $52.00 based on projected revenue growth and expanding profit margins.

In the report, Piper Jaffray noted, "We are raising our 2013 and 2014 revenue estimates by $20.0 and $48.4 million, respectively to reflect the RPDG acquisition. Looking at the bottom line, the accretion from the RPDG acquisition adds 5 cents to our 2013 estimate, but the shares issued from the recent secondary offering offset the EPS accretion and our 2013 EPS estimate is relatively unchanged. For 2014, we are raising our EPS assumption to$1.37 (from $1.33)."

3D Systems closed at $48.50 on Monday.

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Posted In: Analyst ColorPrice TargetReiterationAnalyst RatingsPiper JaffrayTroy Jensen
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