Analysts Comment On 3D Systems Following Analyst Day
A number analysts have issued comments Wednesday depicting their view on 3D Systems (NYSE: DDD) following the company's analyst day Tuesday.
Possibly responding to the analyst comments, shares of 3D Systems dipped in the pre-market, but have since climbed back up to a level slightly above Tuesday's closing price.
Shares are trading at $49.72, up 0.93 percent.
Credit Suisse: Neutral, $69 price target
Despite acknowledging the possibility of significant organic growth to 3D Systems' medical business and potential M&A activity that could help stimulate revenue, the team at Credit Suisse has lowered their EPS estimates for 2015 and 2016 from $1.19 and $1.88 to $1.13 and $1.88, respectively.
Pacific Crest: Outperform, $59 price target
The analysts over at Pacific Crest have come out optimistic on the mid-term outlook of 3D Systems, citing more than 30 percent per year revenue growth through 2015, and reiterating an Outperform rating. However, the firm said the stock is likely to be "sluggish" in the near-term and noted the entrance of Hewlett-Packard as a potential concern.
Latest Ratings for DDD
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