Stratasys (SSYS) stock rose after UBS started coverage of the 3D printer maker with a buy rating, saying its opportunity in the industrial market is underappreciated. UBS analyst Steven Milunovich also initiated coverage of 3D Systems (DDD), but gave it only a neutral rating. Stratasys stock was up 3.5% in afternoon trading in the stock market today. 3D Systems stock was down nearly 2%. “Our view is that 3D printing is in the early innings, just
Hewlett-Packard’s (HPQ) entry into the high-end commercial 3D printer market, expected in June, is unlikely to worsen price competition for Stratasys (SSYS), 3D Systems (DDD) and ExOne (XONE), says RBC Capital. “We do not envision increased competition among industry players once HPQ introduces 3D printing products and potentially other ancillary 3D products and services, as we see a growing 3D total addressable market and increased opportunities
The acquisition of MakerBot helped Stratasys exceed Wall Street Q4 expectations early Monday, but the company continues to spend heavily and Stratasys stock fell 2.5% on a down day for the overall market. The report by the maker of 3D printers followed that of rival 3D Systems (DDD), which posted Q4 results on Friday that were generally in line with consensus estimates. Stratasys (SSYS) said revenue more than doubled to $155.8 million from $71.2