3D Printing Stocks Moving After Jefferies Action

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Earlier today analysts at Jefferies issued comments on three notable players in the 3D printing sector. The analysts at Jefferies believe the growth potential for prototyping is not fully appreciated based on the RAPID trade show and noted that Stratasys is the most leveraged in the way of prototyping. Additionally, the team pointed to 3D Systems exposure to prototyping in manufacturing, but cautioned that manufacturing might take longer to ramp up. In addition to prototyping, the firm noted that sentiment from RAPID suggested prosumer has higher margins than consumer and again pointed to Stratasys as being best positioned for benefit. The firm made the following adjustments to 3D printer stocks:
  • 3D Systems Corp.: DDD Reiterate Buy, lowered price target from $102 to $67
  • Stratasys Ltd.: SSYS Reiterate Buy, maintained price target at $140
  • The ExOne Company: (NASDAQ XONE) Downgraded from Buy to Hold,
Despite the reiterated confidence in Stratasys and 3D Systems as well as a pair of Seeking Alpha articles suggesting a potential rally in the sector, shares of both companies are trading stable to down in today's session. Alternatively, ExOne shares have seen as much as a 5 percent bump and were trading $33.37 at last check.
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