New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 12, 2014
05:56 EDTVJETVoxeljet price target lowered to $38 from $55 at Citigroup
Citigroup expects Voxeljet's FY14 outlook to miss expectations given the likelihood of higher spending to drive growth amid an intensifying competitive environment. The firm lowered its earnings estimates and cut its price target for shares to $38 while keeping a Neutral rating on the stock.
News For VJET From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 31, 2015
11:10 EDTVJETBattleground: Analysts disagree on outlook for Stratasys
Two research firms issued ratings changes on 3D printer maker Stratasys (SSYS) this morning, with UBS downgrading the stock to Sell and Piper Jaffray upgrading the stock to Buy. The firms' notes come the day after the company reported much weaker than expected third quarter results and withdrew its full-year guidance, citing uncertainty regarding the timing of a rebound in its growth. BEARISH TAKE: The "rapid deceleration" in the growth of the 3D printing market appears to be "more than temporary," UBS analyst Steven Milunovich wrote in a note to investors today. More specifically, he believes the growth of revenue that the companies can easily obtain, mostly in prototyping, is declining. It may take more time and money than investors anticipate for 3D printing companies to benefit from the next wave of growth, i.e. advanced end-use parts, the analyst warned. Milunovich, who is skeptical about whether Stratasys will be able to meet its revenue growth target over the next 12-18 months, slashed his price target on the stock to $22 from $39. BULLISH TAKE: The longer term outlook for the 3D printing market remains strong, Piper Jaffray analyst Troy Jensen wrote in a note to investors today. Although media hype about 3D printing has been overdone and the industry increased its capacity too quickly, the sector will "return to normalized growth rates" next year, predicted Jensen. Moreover, Stratasys will grow faster than the market in 2016, given its strong upcoming products, Jensen believes. However, he trimmed his price target on the stock to $39 from $42. PRICE ACTION: In morning trading, Stratasys fell 4% to $31.38. Other stocks in the sector also dropped, with 3D Systems (DDD) declining 2.7% to $13.47 and Materialise (MTLS) losing 1.5% to $8.85. However, 3D printer maker ExOne (XONE) rose 0.8% to $9.73. Voxeljet (VJET) shares were little changed.
05:35 EDTVJETStratasys upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray analyst Troy Jensen upgraded Stratasys (DDD) to Overweight following yesterday's post-earnings pullback in shares. The 3D printing industry will return to more normalized grow rates in 2016 and Stratasys will grow faster than the market, Jensen tells investors in a research note. Despite lowering his near-term earnings and revenue assumptions, the analyst remains upbeat regarding the longer-term outlook for both the industry and the company. He lowered his price target for shares to $39 from $42. Stratasys closed yesterday down $3.82 to $32.67. Other names in the 3D printing space also dropped yesterday after Stratasys reported Q2 results and withdrew its 2015 outlook. The company's peers include 3D Systems (DDD) and voxeljet (VJET).
July 30, 2015
13:03 EDTVJETStratasys pulls 3D printing sector lower after retracting guidance
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use