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3D Systems share price has tripled since its last year bottom

by • April 13, 2016 • No Comments

  • Since we wrote back in February 2016, 3D Systems (DDD) has confirmed which the worst is over for the company. Currently, Bank of America Merrill Lynch note is strengthening this analysis. Bank of America Merrill Lynch has raised its target price for DDD of $11 to $26 with a Buy recommendation. The analyst stated which the CEO announcement was a much needed catalyst to drive 3D’s turnaround through new strategy, alignment of cost structure and portfolio optimization. 3D Systems has a consensus analyst price target of $12.27 and a 52-week trading range of $6.00 to $32.88.

    This note is lifting the 3D Printing sector with Stratasys (SSYS) up nowadays additional than 5%, reaching 30$ a 100% increase since its end 2015 bottom. We can understand additional of Stratasys new performance during the conference call to be assist on the May 9, 2016 at 8:30 a.m. (ET).

    Short sellers covering may hustle both shares additional up. Price normalisation is great news for the 3D Printing industry.

    3D Systems (DDD) Share price since 01/01/2016.

    Capture d’écran 2016-04-14 à 15.08.39

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