Does 3D Systems Have 20% Upside? (Barron’s)
Shares of 3D Systems could be headed to $60 and potentially above that, based on technical performance signals for the printer and services company, according to Orips Research. On Monday, Citigroup initiated coverage of 3D Systems Corporation (NYSE:DDD) with a $60 price target, and initiated Stratasys, Ltd. (NASDAQ:SSYS) – both with Buy ratings. Analyst Kenneth Wong argued that the industry is “ready to push beyond prototyping” and sits on the cusp of “much broader adoption across more upstream production applications and the consumer end market.” Wong thinks the $2 billion market for the technology could triple in size in the next five years.
STRATASYS 3D PRINTER AT THE UNIVERSITY OF TSUKUBA, JAPAN CUSTOMIZES EQUIPMENT FOR OLYMPIC ATHLETES (EIN News)
Stratasys, Ltd. (NASDAQ:SSYS), a leading manufacturer of 3D printers and production systems for prototyping and manufacturing, today has announced that the University of Tsukuba, Japan is using an Objet350 Connex multi-material 3D Printer as part of its advanced R&D program for sports science and Olympic training. The hilt of the fencing sword must fit the fencer’s hand perfectly, even a slight difference in the shape of the hilt can spell victory or defeat. Before 3D printing, there was only one type of fencing hilt in the world, and each competitor had to personally file the hilt to customize the fit and achieve a non-slip surface. If the sword ended up breaking, it was almost impossible to get another one with the same fit.
ExOne Appoints John Burn & Co. as Independent Sales Representative in the United Kingdom (Benzinga)
The ExOne Co (NASDAQ:XONE) (“ExOne” or the “Company”), a global provider of three-dimensional (“3D”) printing machines and printed products to industrial customers, announced today that it has appointed John Burn & Co. as its sales representative in the United Kingdom. David Burns, President and Chief Operating Officer of ExOne commented, “The UK market is important for both metal castings and for generalized 3D printing in industrial applications. John Burn is a very distinctive company, in that it has historically supported the casting market and has years of experience in 3D printing. ExOne Co (NASDAQ:XONE) believes in true partnerships with customers, and John Burn embodies that philosophy as well. We look forward to great success together in the UK market.”
Traders Should Move Quickly on 3D Systems (Investorplace.com)
I first recommended this stock on Aug. 12 at $47.23. 3D Systems Corporation (NYSE:DDD) popped more than 7% when Citi analyst Kenneth Wong gave it a strong buy rating with a $60 price target, saying that the 3D printing market should more than triple in size over the next five years. I think that readers should review this stock again and take both long-term and trading positions. Technically, 3D Systems Corporation (NYSE:DDD) broke from a compound top at $51 on high volume. The stock has a history of high-volume spurts of accumulation, but Monday’s breakout should attract more consistent accumulation, and thus move quickly to its trading target of $60.
Small cap spotlight: ExOne (CNBC)