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Will 3D Printers Rebound After CES?

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Will 3D Printers Rebound After CES?
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After attending the first few days of CES in Las Vegas, Pacific Crest analyst Weston Twigg is not convinced that 3D printing stocks are ready for a rebound just yet. According to Twigg, there is plenty of innovation in the 3D printing business, but that’s not enough do boost share prices.

"We found no signs of a broad improvement in industry demand, though a few companies appear to be bucking the trend due to new products," he explained.

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Twigg said the biggest surprise at CES was the new product unveiled by private company MCOR, which offers improved speed, resolution and quality and is priced at only $8,995 compared to the previous model’s $50,000 price.

Twigg notes that Stratasys, Ltd. (NASDAQ: SSYS) kept a low profile at this year's CES and believes that the company remains well-positioned at the high end of the market.

For 3D Systems Corporation (NYSE: DDD), Twigg expects the company will soon shed some products and technologies to increase focus and cut costs.

Pacific Crest maintains its Sector Weight rating on both stocks.

Disclosure: the author holds no position in the stocks mentioned.

Latest Ratings for DDD

DateFirmActionFromTo
Nov 2016Gabelli & Co.UpgradesHoldBuy
Oct 2016FBR CapitalAssumesMarket Perform
Aug 2016JefferiesMaintainsHold

View More Analyst Ratings for DDD
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Posted-In: 3D Printing CES Consumer Electronics Show Pacific CrestAnalyst Color News Events Analyst Ratings Best of Benzinga

 

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