Pacific Crest Reiterates On 3D Systems As Company Adds Multidimensional 'Competitive Moat'

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In Pacific Crest's morning summary on Thursday, analyst Weston Twigg reiterated an Outperform rating on
3D SystemsDDD
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.
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Posted In: Analyst ColorPrice TargetReiterationAnalyst RatingsPacific CrestReutersWeston Twigg
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