3D Systems Corp. Price Target Raised to $100.00 at Needham & Company (DDD)
Analysts at Needham & Company upped their price objective on shares of 3D Systems Corp. (NYSE:DDD) to $100.00 in a research report issued to clients and investors on Thursday, American Banking News.com reports. Needham & Company’s price target indicates a potential upside of 7.61% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of 3D Systems Corp. from $85.00 to $95.00 in a research note to investors on Tuesday, December 24th. They now have a “buy” rating on the stock. Separately, analysts at Gabelli reiterated a “hold” rating on shares of 3D Systems Corp. in a research note to investors on Monday, December 23rd. They noted that the move was a valuation call. Finally, analysts at Jefferies Group initiated coverage on shares of 3D Systems Corp. in a research note to investors on Tuesday, December 10th. They set a “buy” rating and a $102.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company’s stock. 3D Systems Corp. currently has an average rating of “Buy” and an average price target of $81.67.
3D Systems Corp. (NYSE:DDD) opened at 92.93 on Thursday. 3D Systems Corp. has a 52 week low of $27.88 and a 52 week high of $95.40. The stock has a 50-day moving average of $79.97 and a 200-day moving average of $58.71. The company has a market cap of $9.551 billion and a price-to-earnings ratio of 199.03.
3D Systems Corp. (NYSE:DDD) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.26 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 49.9% on a year-over-year basis. On average, analysts predict that 3D Systems Corp. will post $0.97 earnings per share for the current fiscal year.
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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