3D Systems, Stratasys Ready to ‘Disrupt Manufacturing’
(Barrons) Shares of 3D Systems and Stratasys were moving up in late trading Monday after RBC Capital’s Amit Daryanani initiated coverage of the duo with an Outperform rating, and a $118 price target on shares of 3D Systems stock ( with a $175 target for Stratasys stock.) 3D Systems shares are up 70 cents, or 0.8%, at $92.28 in late trading, while Stratasys stock is up 10 cents at $130.10. Total 3D printing industry revenue is set to rise 24%, on a compounded basis, through 2021, writes Amit Daryanani, while consumer printing revenue alone will nearly double through 2017.
Daryanani says the 3D printing market is one of hyper growth. Fundamentally, he writes “the attraction here is the ability of SSYS (and broadly 3D printing companies) to disrupt the $10.5 trillion traditional manufacturing industry.”