3d printing industry spotlighted
by:Taiyi Electronic
2020-03-16
NEW YORK (TheStreet)--
Ahead of comments by activist investor Carl Icahn, 3D-printed shares began to rise on Monday, causing the market to head south, some of which lost some of their gains.
Speaking at the Reuters Global Investment Outlook Summit, Icahn said he is cautious about the stock market, which he believes is prone to \"sharp falls \".
Earlier in the day, a report by Bank of America Merrill Lynch supported industry leader Stratasys (SSYS -Get Report)
, Resulting in the competitor Voxeljet (VJET -Get Report), 3D Systems (DDD -Get Report)and ExOne (XONE -Get Report)
Rally in response
Voxeljet remained ahead after Icahn\'s comments, up 13% to $66.
66, and Stratasys checked 2.
Rose 4% to $127.
95 and ExOne climbed 2. 3% to $61. 13.
3D Systems rose more than 5% earlier in the day and checked 0. 25% to $80. 37.
In the report, Bank of America reiterated Stratasys\'s \"buy\" rating and raised its price target from $140 to $130 based on the growing popularity of consumer 3D printers.
\"The 3D printer market is still not fully penetrated and SSYS should see the important [revenue]
As more consumers adopt low-end 3D printers, and the use of high-end printers in direct digital manufacturing increases sales of high-margin printed materials, analysts Wamsi Mohan and Ruplu Bhattacharya wrote in the report.
Put the money in your mouth and Bank of America gave a five-
Less than a week ago, Stratasys was given $0. 25 billion in revolving credit each year.
The street rating team rated Stratasys Ltd as Hold with a rating of C.
The team has such a statement about their suggestion: \"We have a view of Stratasys Co. , Ltd (SSYS)a HOLD.
The main factors that affect our rating are mixed ---
Some have expressed strength, some have expressed weakness, and there is little evidence that the stock is justified in its positive or negative performance relative to most other stocks.
The company\'s advantages can be seen in multiple areas, such as its strong revenue growth, and by most measures, the company has a stable financial position to a large extent, a reasonable level of debt,
Contrary to these strengths, however, we have also found some weaknesses, including a deterioration in net income, disappointing return on equity and weak earnings per share growth for the company.
\"The analysis highlights of the street rating team are as follows: The street rating team rated 3D Systems Corp as a buy with a rating score of B.
The team has said this to their suggestion: \"We have a 3D system Company (DDD)a BUY.
This is driven by multiple strengths that we believe should have a greater impact than any disadvantage and should give investors a better chance of performance than most of the stocks we cover.
The company\'s strengths are reflected in a number of areas, such as its strong revenue growth. by most measures, the company\'s financial situation is basically stable, the debt level is reasonable, and earnings per share increase, strong growth in net profit and operating cash flow.
We believe that these advantages outweigh the disappointing fact that the company\'s stock returns.
Ahead of comments by activist investor Carl Icahn, 3D-printed shares began to rise on Monday, causing the market to head south, some of which lost some of their gains.
Speaking at the Reuters Global Investment Outlook Summit, Icahn said he is cautious about the stock market, which he believes is prone to \"sharp falls \".
Earlier in the day, a report by Bank of America Merrill Lynch supported industry leader Stratasys (SSYS -Get Report)
, Resulting in the competitor Voxeljet (VJET -Get Report), 3D Systems (DDD -Get Report)and ExOne (XONE -Get Report)
Rally in response
Voxeljet remained ahead after Icahn\'s comments, up 13% to $66.
66, and Stratasys checked 2.
Rose 4% to $127.
95 and ExOne climbed 2. 3% to $61. 13.
3D Systems rose more than 5% earlier in the day and checked 0. 25% to $80. 37.
In the report, Bank of America reiterated Stratasys\'s \"buy\" rating and raised its price target from $140 to $130 based on the growing popularity of consumer 3D printers.
\"The 3D printer market is still not fully penetrated and SSYS should see the important [revenue]
As more consumers adopt low-end 3D printers, and the use of high-end printers in direct digital manufacturing increases sales of high-margin printed materials, analysts Wamsi Mohan and Ruplu Bhattacharya wrote in the report.
Put the money in your mouth and Bank of America gave a five-
Less than a week ago, Stratasys was given $0. 25 billion in revolving credit each year.
The street rating team rated Stratasys Ltd as Hold with a rating of C.
The team has such a statement about their suggestion: \"We have a view of Stratasys Co. , Ltd (SSYS)a HOLD.
The main factors that affect our rating are mixed ---
Some have expressed strength, some have expressed weakness, and there is little evidence that the stock is justified in its positive or negative performance relative to most other stocks.
The company\'s advantages can be seen in multiple areas, such as its strong revenue growth, and by most measures, the company has a stable financial position to a large extent, a reasonable level of debt,
Contrary to these strengths, however, we have also found some weaknesses, including a deterioration in net income, disappointing return on equity and weak earnings per share growth for the company.
\"The analysis highlights of the street rating team are as follows: The street rating team rated 3D Systems Corp as a buy with a rating score of B.
The team has said this to their suggestion: \"We have a 3D system Company (DDD)a BUY.
This is driven by multiple strengths that we believe should have a greater impact than any disadvantage and should give investors a better chance of performance than most of the stocks we cover.
The company\'s strengths are reflected in a number of areas, such as its strong revenue growth. by most measures, the company\'s financial situation is basically stable, the debt level is reasonable, and earnings per share increase, strong growth in net profit and operating cash flow.
We believe that these advantages outweigh the disappointing fact that the company\'s stock returns.