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Monday, Aug 26
3D printer makers fly higher following Citi's coverage launches
- 3D Systems (DDD +9.3%) and Stratasys (SSYS +5.7%), which were started at Buy by Citi's Ken Wong, are shooting higher, and so is rival ExOne (XONE +4.6%).
- Wong has set a $60 PT for 3D Systems, and a $125 PT from Stratasys. He sees the 3D printing market growing over 3x over the next 5 years to $6B+, and thinks the industry is nearing a tipping point with regards to wider consumer adoption.