Velo3D initiated with a Buy at Lucid Capital

Lucid Capital initiated coverage of Velo3D (VELO) with a Buy rating and $25 price target The additive manufacturing company, whose Sapphire line of metal 3D printers enables customers in critical and high-growth industries like space and defense to manufacture complex single-piece metal parts quickly, is “on the verge of profitability and substantial growth,” the analyst tells investors.