Market Overview

Analyst Bullish On 3D Systems, Says Wait On The Sidelines In Stratasys, ExOne

Share:
Related DDD
Criminals Using 3D Printers To Cover Up Shipping Heists
12 Biggest Mid-Day Losers For Monday
Related SSYS
Print This: A 3D Printing ETF Comes To Town
Mid-Day Market Update: ARM Holdings Surges On Softbank Acquisition; Ferro Shares Slide

Shares of 3D Systems (NYSE: DDD) are leading the 3D Printing sector higher Monday afternoon following some bullish comments from Pacific Crest's Weston Twigg earlier.

The stock is up nearly 0.6 percent to $75.81 at last check. Shares of Stratasys (NASDAQ: SSYS) are down 0.2 percent recently, while shares of ExOne Co. (NASDAQ: XONE) are down nearly 3 percent.

Twigg initiated coverage on 3D Systems shares with an Outperform rating and $96 price target. The analyst started coverage on both shares of Stratasys and ExOne with Sector Perform ratings.

The Pacific Crest analyst believes 3D Systems currently has the most varied ecosystem in the sector. He believes traders should initiate a "moderate" position in 3D Systems with the expectation to buy aggressively on pullbacks.

Twigg is modeling for Stratasys to grow about inline with the broader 3D-printing group. He sees solid growth at ExOne, but warned this growth is likely already priced into the stock.

Latest Ratings for DDD

DateFirmActionFromTo
Jul 2016Piper JaffrayDowngradesNeutralUnderweight
May 2016FBR CapitalInitiates Coverage onMarket Perform
Apr 2016NeedhamDowngradesBuyHold

View More Analyst Ratings for DDD
View the Latest Analyst Ratings

Posted-In: Analyst Color News Price Target Initiation Analyst Ratings

 

Related Articles (DDD + SSYS)

View Comments and Join the Discussion!