Needham & Company Maintains a 'Buy' on 3D Systems (DDD); Adjusting Estimates for Recent Offering
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Price: $47.78 -0.89%
Rating Summary:
4 Buy, 2 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
4 Buy, 2 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade DDD Now!
Needham & Company maintains a 'Buy' on 3D Systems (NYSE: DDD) price target of $36.00 (from $33.00).
Analyst, James Ricchiuti, said, "We adjust our EPS estimates to reflect DDD’s recent follow-on offering (Needham & Company was lead manager for the offering). Shares of DDD, along with competitor Stratasys (Nasdaq: SSYS)(Hold), have been strong performers over the last 3 months, up 37% and 26%, respectively, compared with a 6% decline for the Nasdaq Composite. We attribute the strength in the group to increased recognition of both the strong secular growth drivers in the 3D printing/rapid prototyping industry and of the dominant position enjoyed by the two leading players."
FY12 EPS estimate lowered from $1.12 to $1.09 and FY13 raised from $1.27 to $1.29.
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 $31.67 yesterday, with a 52 week range of $12.78-$33.33.
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Analyst, James Ricchiuti, said, "We adjust our EPS estimates to reflect DDD’s recent follow-on offering (Needham & Company was lead manager for the offering). Shares of DDD, along with competitor Stratasys (Nasdaq: SSYS)(Hold), have been strong performers over the last 3 months, up 37% and 26%, respectively, compared with a 6% decline for the Nasdaq Composite. We attribute the strength in the group to increased recognition of both the strong secular growth drivers in the 3D printing/rapid prototyping industry and of the dominant position enjoyed by the two leading players."
FY12 EPS estimate lowered from $1.12 to $1.09 and FY13 raised from $1.27 to $1.29.
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 $31.67 yesterday, with a 52 week range of $12.78-$33.33.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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