Analysts Set 3D Systems Target Price at $4.75 Amid Mixed Ratings

3D Systems Corporation (NYSE: DDD) has garnered a consensus rating of “Hold” from five brokerages monitoring the stock, according to MarketBeat.com. Among these, one analyst has issued a sell recommendation, three have opted for a hold, and one has given a buy rating. The average target price set by analysts over the past year is $4.75.

Recent Analyst Activity

The stock has been featured in numerous recent analyst reports. On November 6, 2023, Cantor Fitzgerald raised its price target on 3D Systems from $4.00 to $4.75, assigning an “overweight” rating. Conversely, Weiss Ratings reaffirmed a “sell (d)” rating on December 1, 2023. Further, Wall Street Zen downgraded the stock from “hold” to “sell” on November 8, while Zacks Research lowered its rating from “strong-buy” to “hold” on October 24.

Stock Performance Overview

As of Tuesday, shares of 3D Systems opened at $2.17. The company holds a market capitalization of $278.72 million and exhibits a price-to-earnings ratio of -21.65. Its stock performance has demonstrated volatility, with a one-year low of $1.32 and a high of $5.00.

3D Systems last reported its quarterly earnings on November 4, 2023, revealing an earnings per share (EPS) of ($0.08), exceeding analysts’ consensus estimate of ($0.10) by $0.02. The company recorded a revenue of $91.25 million for the quarter, falling short of the anticipated $93.04 million. Analysts forecast that 3D Systems will post an EPS of ($0.73) for the current fiscal year.

3D Systems Corporation specializes in 3D printing and digital manufacturing solutions globally. The company provides a variety of technologies, including stereolithography, selective laser sintering, and direct metal printing, transforming digital data from 3D design software into printed parts.