Stifel Sees 75% Upside Shapeways - Read Why - Shapeways Holdings (NASDAQ:SHPW)

Stifel analyst Noelle Dilts initiated Shapeways Holdings Inc SHPW with a Buy rating and a price target of $13 (implying an upside of 75%), representing 58% upside potential over the next 12 months.
Dilts says Shapeways is a leader in the "large and fast-growing" digital manufacturing industry.
The analyst believes Shapeways is well-positioned to participate in the growth of digital manufacturing over the next decade.
Last week, Shapeways filed with the regulatory about offering up to 35.50 million shares of common stock.
Recently, Shapeways debuted its Otto Software-as-a-Service (SaaS), tailormade for traditional manufacturers seeking a simpler, faster, and more flexible path to 3D printing for industrial-grade production.
Price Action: SHPW shares are trading lower by 10.1% at $7.4 on the last check Monday.