May 15, 2014 10:23 AM | 1 min read |
In Pacific Crest's morning summary on Thursday, analyst Weston Twigg reiterated an Outperform rating on
3D Systems
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
(NYSE: DDD) and $65.00 price target as the company expands its “competitive moat.”Twigg reported that concerns about
Hewlett-Packard are likely overdone and is optimistic as “3D Systems is expanding its competitive moat by developing high-throughput polymers and a continuous throughput printer.”Pacific Crest wrote that polymers could increase printer throughput by 8x-41x and the expansion of polymer materials is needed to drive the market forward. Twigg sees the polymers as the “perfect competitive response” to Hewlett-Packard, where 3D Systems could further differentiate by developing polymers to meet a variety of needs.3D Systems remains Pacific Crest's top pick in the space.Hewlett-Packard is expected to make a “big” announcement in Jun regarding 3-D printing, according to Reuters.Shares of 3D Systems closed at $49.32 on Wednesday and are currently down 2.8 percent at $47.99.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.