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Canaccord Genuity Reiterates a 'Buy' on 3D Systems (DDD); Analyst Day Highlights

May 9, 2012 8:51 AM EDT
Get Alerts DDD Hot Sheet
Price: $3.19 +0.95%

Rating Summary:
    9 Buy, 17 Hold, 6 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on 3D Systems (NYSE: DDD) price target of $32.00.

Analyst, Bobby Burleson, said, "3D Systems held its analyst day in New York yesterday; the event was well attended, with formal presentations followed by an extensive question-and-answer session. Key areas of focus included the broad end-to-end portfolio of printers, materials and services and opportunities in 3D consumer with Cubify. The company reiterated their full year 2012 guidance for revenue ($330-$360M) and EPS ($1.00 to $1.25). We reiterate our rating based on sustainable revenue growth and resumption of operating leverage."

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 $29.26 yesterday.


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