Jefferies Starts 3D Systems (DDD) at Buy, $102 PT

December 11, 2013 6:45 AM EST
Get Alerts DDD Hot Sheet
Price: $17.10 +0.59%

Rating Summary:
    8 Buy, 13 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Jefferies initiates coverage on 3D Systems (NYSE: DDD) with a Buy rating and $102 price target.

Analyst Peter Misek states, "We believe 3D printing will create long-term value by revolutionizing mass manufacturing, but will take some time to develop. We see near-term growth being driven by prototyping, which is expanding from industrial into broader enterprise applications. We think consumer is an interesting opportunity but generally overhyped."

Misek sees 3D Systems as the most complete player in the 3D printing industry today.

"3D Systems is our top pick in the sector. DDD has the largest product breadth, the most patents, the greatest mix of high-margin materials and software, and the highest OM," he said. "We see upside to consensus estimates and think its technologies will enable DDD to successfully address mass manufacturing as it goes mainstream."

For an analyst ratings summary and ratings history on 3D Systems click here. For more ratings news on 3D Systems click here.

Shares of 3D Systems closed at $80.48 yesterday.

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