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SSYS

Stratasys

$22.00

-0.76 (-3.34%)

, DDD

3D Systems

$15.65

-1.04 (-6.23%)

06:43
10/13/16
10/13
06:43
10/13/16
06:43

After survey, Piper cautious on 3D printing stocks into earnings

Piper Jaffray analyst Troy Jensen says his firm's 3D printing survey for Q3 indicates system demand "remained challenged" in the quarter. The below plan responses "significantly" outnumbered resellers indicating above plan, Jensen tells investors in a research note. The September quarter survey had the lowest percentage of above plan responses in the history of Piper's survey, the analyst points out. Jensen advises caution on 3D printing stocks into the Q3 earnings season. The analyst sees limited downside for Stratasys (SSYS) shares and more downside for 3D Systems (DDD) given its "internal issues and premium valuation."

SSYS

Stratasys

$22.00

-0.76 (-3.34%)

DDD

3D Systems

$15.65

-1.04 (-6.23%)

MTLS

Materialise

$7.68

0.06 (0.79%)

PRLB

Proto Labs

$56.45

0.16 (0.28%)

VJET

voxeljet

$4.49

0.17 (3.94%)

  • 27

    Oct

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    Nov

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    Nov

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    Nov

SSYS Stratasys
$22.00

-0.76 (-3.34%)

08/24/16
DBAB
08/24/16
NO CHANGE
DBAB
Hold
Stratasys technology interesting, but industry still paused, says Deutsche Bank
Deutsche Bank analyst Sherri Scribner said she found the new vertical 3D printing technology introduced by Stratasys at its media and investor event yesterday to be interesting, noting that it is said to allow the printing of larger or even "infinite" size objects and increase printing speed. However, the 3D printing industry remains paused and the company offered no new financial information or timeline for the release of its new products, said Scribner, who keeps a Hold rating on Stratasys shares.
09/15/16
KEYB
09/15/16
NO CHANGE
KEYB
3D printer, robot companies can benefit from manufacturing trend, says KeyBanc
After attending a manufacturing technology show, KeyBanc expects "short-cycle" OEMs to "remain focused on cost savings and efficiency improvement." 3D printing and "collaborative robot" systems can help meet this goal, according to the firm. The trend is positive for 3D Systems (DDD), Stratasys (SSYS), Materialise (MTLS), and Teradyne (TER), according to the firm. It keeps an Overweight rating on Materialise and Sector Weight ratings on the remaining companies named.
10/03/16
10/03/16
INITIATION
Target $29

Outperform
Stratasys coverage transferred with an Outperform at FBR Capital
FBR Capital transferred coverage on Stratasys to analyst Christopher Van Horn who has an Outperform rating and a $29 price target on shares.
08/22/16
CHLM
08/22/16
NO CHANGE
CHLM
Buy
Stratasys could announce new products or partnership tomorrow, says Craig-Hallum
Craig-Hallum analyst Steve Dyer previewed Stratasys' media/analyst day tomorrow and said the company's announcements could include a new product/technology or partnership. Dyer rates Stratasys shares a Buy.
DDD 3D Systems
$15.65

-1.04 (-6.23%)

08/04/16
08/04/16
NO CHANGE

3D Systems strategy 'underwhelming,' says Pacific Crest
After 3D Systems reported higher than expected EPS but lower than expected revenue, Pacific Crest analyst Weston Twigg says he's skeptical of the company's strategy of creating a closed 3D printing ecosystem, aprtly because of the company's limited R&D budget and his belief that customers will try to find best-in-class providers in each segment. However, the analyst says that 3D Systems' analyst event next month could provide a positive catalyst for the stock. He keeps a Sector Weight rating on the shares.
10/03/16
10/03/16
INITIATION
Target $18

Market Perform
3D Systems coverage transferred with a Market Perform at FBR Capital
FBR Capital transferred coverage on 3D Systems to analyst Christopher Van Horn who has a Market Perform rating and a $18 price target on shares.
10/03/16
10/03/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. 3D Systems (DDD) coverage transferred with a Market Perform at FBR Capital. 2. Carnival (CCL) initiated with a Buy at HSBC. 3. GoDaddy (GDDY) initiated with a Buy at Summit Redstone. 4. Versum Materials (VSM) initiated with a Buy at Seaport Global. 5. ExOne (XONE) coverage transferred with an Outperform at FBR Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
MTLS Materialise
$7.68

0.06 (0.79%)

04/14/16
PIPR
04/14/16
NO CHANGE
PIPR
Piper's 3D printing survey again showed challenged demand
Piper Jaffray analyst Troy Jensen says his firm's 3D printing survey once again indicated system demand remained challenged in the March quarter. A number of the 68 3D printing resellers indicated the quarter came in below plan, "significantly" outnumbering the resellers that indicated Q1 was above expectations, Jensen tells investors in a research note. Many sellers stated that demand was "extremely challenging" during the month of January, the analyst adds. Jensen is still confident that 3D printing demand will improve in the second half of 2016, and continues to prefer Stratasys (SSYS) over 3D Systems (DDD). He believes, however, that Q1 results could be below consensus expectations.
06/01/16
06/01/16
NO CHANGE

Survey of industrial companies upbeat for 3D printing sector, says Pacific Crest
After surveying a number of industrial companies it covers, Pacific Crest says that over 50% of the companies it surveyed " plan to invest substantially in 3D printing capabilities," while "many companies" expect 3D printing to be used for production within five years. Moreover, "most companies didn't agree that 3D printing was overhyped," the firm stated. However, the firm adds that survey participants expressed "healthy skepticism" about the technology. Pacific Crest says that the survey results were "slightly positive" for the 3D printing names it covers- 3D Systems (DDD), Stratasys (SSYS), Materialise (MTLS), Proto Labs (PRLB), and ExOne (XONE). The firm continues to identify Materialise as its favorite name in the sector over the near-term.
05/24/16
05/24/16
INITIATION
Target $7

Market Perform
Materialise initiated with a Market Perform at FBR Capital
Target $7.
PRLB Proto Labs
$56.45

0.16 (0.28%)

07/05/16
07/05/16
NO CHANGE

Outperform
FBR adds Proto Labs to Alpha Generator list
FBR Capital analyst Holden Lewis placed Proto Labs (PRLB) on his firm's Alpha Generator list while removing Trimble (TRMB). Proto Labs is an "increasingly timely" story with its markets bottoming and multiple expansion accelerating, Lewis tells investors in a research note. He points out that Trimble remains one of his favorite names. The analyst has Outperform rating on both stocks.
08/31/16
DOTC
08/31/16
DOWNGRADE
DOTC
Sell
Proto Labs downgraded to Sell from Buy at Dougherty
Dougherty assumed coverage on Proto Labs with a Sell rating from a Buy rating.
05/11/16
05/11/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Williams Partners (WPZ) and Williams (WMB) initiated with an Outperform at Bernstein on the belief that the companies have been unfairly punished due to expected dividend cuts. The firm thinks the investors' near-term worries about the U.S. natural gas and MLP sector are overdone. 2. Calgon Carbon (CCC) initiated with a Buy at Janney Capital. 3. Proto Labs (PRLB) initiated with an Outperform at FBR Capital. 4. Align Technology (ALGN) initiated with an Outperform at Credit Suisse. 5. Ally Financial (ALLY) initiated with a Neutral at Macquarie. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
VJET voxeljet
$4.49

0.17 (3.94%)

08/12/16
COWN
08/12/16
NO CHANGE
Target $4.5
COWN
Market Perform
voxeljet price target lowered to $4.50 from $6.00 at Cowen
Cowen analyst Robert Stone cut his estimates for voxeljet and lowered his price target on shares to $4.50 from $6.00, citing the company's wider than expected net loss, lower than expected revenue and reduced guidance. The firm keeps a Market Perform rating on the stock.
08/15/16
PIPR
08/15/16
NO CHANGE
Target $5.7
PIPR
Overweight
voxeljet pullback offers good value opportunity, says Piper Jaffray
Piper Jaffray analyst Troy Jensen says the post-earnings selloff in shares of voxeljet provides a good value buying opportunity. The company's sales in Q2 were affected by a push out in system orders from key customers within Oil & Gas and Energy industries, Jensen tells investors in a research note. He lowered his price target for the shares to $5.70 from $7.30 but keeps an Overweight rating on voxeljet. Jensen remains positive on the company's 12 month outlook and pipeline for new products.
05/13/16
PIPR
05/13/16
NO CHANGE
Target $7.3
PIPR
Overweight
voxeljet guidance still beatable despite Q1 miss, says Piper Jaffray
Piper Jaffray analyst Troy Jensen said he thinks the slowdown in voxeljet's service sales are "entirely" related to macro issues and not an indication of poor execution and he anticipates the company will recover in the coming quarters. He also believes its system sales pipeline remains "exceptionally strong" and that the company's guidance is attainable and even "modestly beatable." Jensen keeps an Overweight rating and $7.30 price target on voxeljet shares.
05/20/16
IMPC
05/20/16
NO CHANGE
IMPC
voxeljet rating withdrawn at Imperial Capital
Imperial Capital analyst Saliq Khan withdrew his rating on voxeljet citing the high volatility associated with the shares.

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Transocean

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United Technologies

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