Analyst from William Blair downgrades stock, because he's short the stock
Geez, what an easy way to make money. Sit at a desk, make arbitrary guesses, hunches, estimates, similar to a bumbling, imbecilic meteorologist on a local city TV station. WOW, truly impressive! What brains and skills. Give me a break, what a scam. Analysts, investment bankers, hedge fund managers. They create nothing, they do nothing. Yet when some analyst makes a point to say he or she is downgrading or upgrading a stock, people panic and sell or buy based on useless drivel, worthless rhetoric.
William Blair's analysts are just as relevant to the general public of investors and the stock prices as when I make predictions. Except usually i'm right.
Don Draper from Mad Men financial says DDD is a long term buy with a near term decline in sight. Look for value buys in the 30s or low 40s and seek potential return as the stock reaches a target of 75.
The guy is entitled to his own opinion, and from a fundamental view, the stock is over valued. You don't want a bunch of group think covering the stock. To make good investing decisions you need to know the bear case along with the bull case.