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3D Systems Corporation Message Board

  • growthstockinvestor growthstockinvestor Oct 29, 2013 11:33 AM Flag

    Get in before analysts start their DDD BUY recommendations with $70 price targets

    and before Cramer recommends DDD as "Best In Breed" .... Buy, Buy, Buy!

    Sentiment: Strong Buy

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    • The $70 target is already there...more firms will raise their PT over the coming days/weeks. Let's Ride!


      Brean Capital maintained a Buy rating on 3D Systems (NYSE: DDD) and raised its price target to $70.00 (from $60.00).

      "We're raising our TP to $70 (from $60), as we believe solid unit growth will continue through '15, while the growing installed base begins to lead to a higher recurring revenue stream – namely the higher margin Materials," said analyst Ananda Baruah.

      "We believe Street EPS of $1.33 and $1.63 for '14 and '15, respectively, are likely to increase. We're introducing ’15 EPS of $1.80, and as such, our $70 TP implies a target P/E of 39x –or ~1.3x our EPS growth estimate of ~30% (consistent with our existing valuation framework of 1.3x – 1.5x PEG)."

      "DDD reports tomorrow 10/29 BMO and we anticipate potential "mathematical gymnastics" as: 1) Street Sep Q GM estimates of 54.8% vs. 51.9% in the Jun Q present a healthy hurdle and 2) we anticipate DDD will provide its initial breakout of its Cubify consumer business which we believe is between 5% - 10% of revenue," he added.

    • sure if they stop issuing new stock left and right.

12.92+0.08(+0.62%)1:00 PMEDT