Oppenheimer Sees 3D Systems Corporation Updating Model for Recent Acquisitions

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In a report published Wednesday, Oppenheimer analyst Holden Lewis reiterated an Outperform rating and $57.00 price target on
3D Systems CorporationDDD
. In the report, Oppenheimer noted, “We are adjusting our model to reflect the Robtec and pending Cimatron deals. We have not altered sales or EPS, instead easing organic forecasts. This does not change our enthusiasm for the story. EuroMold highlighted investments 3DS is making into serial production. Short term, the disconnect between this and the nascent state of the application may weigh on growth. Intermediate term, as serial production evolves, we think 3DS is well placed to benefit. Arguments that 3DS is broken are ill founded. 2014 should be the bottom for organic growth/margins, and comps are easy. Pessimism is high. We still view 3D Systems' 2015 set up favorably.” 3D Systems Corporation closed on Tuesday at $34.13.
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Posted In: Analyst ColorReiterationAnalyst RatingsHolden LewisOppenheimer
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