William Blair analyst Brian Drab has maintained their neutral stance on DDD stock, giving a Hold rating today.
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Brian Drab has given his Hold rating due to a combination of factors influencing 3D Systems’ current financial standing and market conditions. The company recently reported a mixed quarter where revenue fell slightly below expectations, although adjusted earnings per share and EBITDA surpassed consensus estimates. This indicates some positive financial performance, but not enough to warrant a more favorable rating.
Additionally, while 3D Systems has made strides in cost-saving measures, such as operational consolidation and workforce restructuring, the broader market for additive manufacturing remains weak. Customers are hesitant to invest due to an uncertain tariff environment, and the company has not provided full-year guidance, adding to the uncertainty. These factors collectively contribute to the Hold rating, as the stock may not provide significant upside in the near term.
According to TipRanks, Drab is a 5-star analyst with an average return of 20.3% and a 62.96% success rate. Drab covers the Industrials sector, focusing on stocks such as EnerSys, Kornit Digital, and Generac Holdings.
In another report released today, Craig-Hallum also maintained a Hold rating on the stock with a $2.50 price target.