Will 3D Printers Rebound After CES?
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.
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