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Research analysts at Bank of America Corp. raised their price target on shares of 3D Systems Corp. (NYSE:DDD) from $69.00 to $90.00 in a report released on Monday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Bank of America Corp.’s target price indicates a potential upside of 11.66% from the company’s current price.

The analysts wrote, “In this note we analyze the potential rev and EPS impact to 3D Systems from sales of consumer 3D printers (primarily sold to professional users) over the next few years. Our thesis is that the 3D printer market remains underpenetrated and DDD should see significant rev growth use of the higher end printers in direct digital manufacturing, drive increased sales of higher margin print materials over time and benefit from unit growth of low end 3D printers.”

Shares of 3D Systems Corp. (NYSE:DDD) opened at 80.60 on Monday. 3D Systems Corp. has a 52 week low of $26.8867 and a 52 week high of $84.85. The stock has a 50-day moving average of $61.58 and a 200-day moving average of $51.50. The company has a market cap of $8.284 billion and a P/E ratio of 174.46. 3D Systems Corp. also was the target of some unusual options trading activity on Monday. Investors acquired 23,253 put options on the company. This represents an increase of 162% compared to the average daily volume of 8,883 put options.

3D Systems Corp. (NYSE:DDD) last released its earnings data on Tuesday, October 29th. The company reported $0.26 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.26. The company had revenue of $135.70 million for the quarter, compared to the consensus estimate of $132.04 million. During the same quarter last year, the company posted $0.32 earnings per share. 3D Systems Corp.’s revenue was up 49.9% compared to the same quarter last year. Analysts expect that 3D Systems Corp. will post $0.97 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on DDD. Analysts at William Blair reiterated an “underperform” rating on shares of 3D Systems Corp. in a research note to investors on Tuesday, November 12th. Separately, analysts at Brean Capital reiterated a “buy” rating on shares of 3D Systems Corp. in a research note to investors on Wednesday, November 6th. They now have a $77.00 price target on the stock, up previously from $70.00. Finally, analysts at Credit Suisse raised their price target on shares of 3D Systems Corp. from $62.00 to $65.00 in a research note to investors on Wednesday, October 30th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $63.73.

In other 3D Systems Corp. news, Director G Walter Loewenbaum II sold 80,000 shares of 3D Systems Corp. stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $76.56, for a total transaction of $6,124,800.00. Following the sale, the director now directly owns 1,027,814 shares of the company’s stock, valued at approximately $78,689,440. The sale was disclosed in a legal filing with the SEC, which is available at this link.

3D Systems Corporation (NYSE:DDD) is a holding company that operates through subsidiaries in the United States, Europe and the Asia-Pacific region.

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