Seeking Alpha

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.
Comments (5)
  • Wowzers.
    26 Aug 2013, 02:06 PM Reply Like
  • Well put.
    27 Aug 2013, 11:05 AM Reply Like
  • Wong expects the 3D printing market to triple in 5 years, yet sets his price targets for DDD at roughly 15% higher than it is trading now and for SSYS at roughly 13% higher.

     

    Why is it that I rarely believe that these guys have crystal balls?
    26 Aug 2013, 03:06 PM Reply Like
  • Or ANY balls, for that matter...
    27 Aug 2013, 11:05 AM Reply Like
  • I assume Wong thinks that because DDD and SSYS already have very high PE ratios.
    26 Aug 2013, 03:19 PM Reply Like
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