3D Systems (DDD) Growth Continues to Accelerate, Says Brean Capital
Brean Capital maintained a Buy rating on 3D Systems (NYSE: DDD) with a price target of $70.00. Analyst Ananda Baruah expects growth to accelerated, and he has increased conviction in his $70 price target.
"We remain long DDD here coincident with 1) accelerating revenue growth and 2) potential for organic growth of 30% in 2H14 / CY15. Bottom line is that the majority of revenue growth acceleration is being driven by commercial and professional printers, with consumer just getting off the ground. We believe DDD could be in a position to see overall revenue growth again maintain 40% for the foreseeable future, again leaving GM & OM expansion as a "next catalyst" in 2H24 / CY15," said Baruah.