Sshares of 3D Systems Corporation DDD fell more than 10 percent Tuesday after 3D printing rival Stratasys, Ltd. SSYS issued disappointing preliminary FY14 results and FY15 guidance.
Hendi Susanto from Gabelli & Co has upgraded the stock to a Buy on Wednesday.
Stratasys' disappointing announcement was due not to demand, but to challenges implementing and scaling a new distribution model – a factor that may not carry over into 3D System’s earnings report.
Related Link: Why This Expert Thinks There's 'More Pain Ahead' For 3D Printing Stocks
Most of the Street has a Hold rating on 3D Systems, with just Canaccord Genuity’s Robert Burleson placing a Buy on the stock. Canaccord’s price target is $50, which 75 percent above the current price.
3D Systems reports earnings on February 26 before the bell. Analysts are looking for EPS of $0.25 versus $0.19 a year ago.
Shares of 3D Systems recently traded at $28.42, down 0.7 percent.
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