3D Printing Stocks Get a Boost from CitiGroup

By on August 30th, 2013 in Corporate


In early trading this week 3D Systems (DDD) and Stratasys (SSYS) stocks took a dramatic jump as analysts from Citigroup gave the two companies a “buy” ratings. By midsession on Monday 3D Systems’ stock was up 8% garnering a $52.41 price per share. Nearly mirroring DDD’s performance, Stratasys’ stock rose 5% to a whopping $111.07.
According to Citigroup, 3D Systems’ printers are “best positioned to capitalize on all three potential market opportunities (prototyping, manufacturing, consumer)”. Analysts at the global bank also believe Stratasys can achieve “sustainable margin expansion and earnings growth with materials consumption driving recurring revenue mix”. Citi placed its upper bar for SSYS at $125.
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By Kerry Stevenson

Kerry Stevenson, aka "General Fabb" has written over 8,000 stories on 3D printing at Fabbaloo since he launched the venture in 2007, with an intention to promote and grow the incredible technology of 3D printing across the world. So far, it seems to be working!