3D Systems Corporation DDD gained 3 percent Friday. Analysts at Morgan Stanley attributed that gain to guidance that was "better than feared." However, that's not to say the analysts are bullish on 3D. Looking forward, Morgan Stanley said that the company may need to increase "go-to-market investments as a result of execution issues" and "slow organic growth."
Following Thursday's earnings, Deutsche Bank analysts slashed the price target from $43 to $33 as a result of lower sales and margin estimates. Labeling 3D Systems as a "show-me story," Deutsche Bank said that it remains constructive on the market overall and believes in the growth opportunities in the 3D printing market.
Morgan Stanley has a $28 price target on the stock.
Shares of 3D Systems recently traded at $30.97, up 3 percent.
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