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UPDATE: Piper Jaffray Raises PT on 3D Systems

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In a report published on Tuesday, Piper Jaffray analyst Troy Jensen maintained 3D Systems (NYSE: DDD) at Overweight and increased the price target from $42.00 to $52.00 based on projected revenue growth and expanding profit margins.

In the report, Piper Jaffray noted, "We are raising our 2013 and 2014 revenue estimates by $20.0 and $48.4 million, respectively to reflect the RPDG acquisition. Looking at the bottom line, the accretion from the RPDG acquisition adds 5 cents to our 2013 estimate, but the shares issued from the recent secondary offering offset the EPS accretion and our 2013 EPS estimate is relatively unchanged. For 2014, we are raising our EPS assumption to$1.37 (from $1.33)."

3D Systems closed at $48.50 on Monday.

Latest Ratings for DDD

DateFirmActionFromTo
Aug 2019DowngradesNeutralUnderweight
Jun 2019UpgradesSellNeutral
May 2019UpgradesUnderweightNeutral

View More Analyst Ratings for DDD
View the Latest Analyst Ratings

Posted-In: Piper Jaffray Troy JensenAnalyst Color Price Target Reiteration Analyst Ratings

 

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Latest Ratings

StockFirmActionPT
BSBRUBSUpgrades
TGTMorgan StanleyMaintains130.0
VCMorgan StanleyMaintains52.0
URBNMorgan StanleyMaintains32.0
TENMorgan StanleyMaintains8.0
View the Latest Analytics Ratings
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