3D Systems: $100 Price Target Is Justified
Summary
Mergers & Acquisitions is great for 3D Systems. There’s strength in numbers.
3D Systems leads in direct metal additive manufacturing with Phenix.
Medical Modeling gives 3D Systems stronger foothold in health-related 3D printing.
I am going to say it again… M&A growth is not a quicksand but really is an advantage for 3D Systems (DDD). Canaccord Genuity analysts Bobby Burleson and Prabhakar Gowrisankaran reinforced their BUY rating for DDD and raised their price target from $75 to $100. It's a lot higher than my $82 PT but they are the experts, so I agree with their assessment.