The market gods were good to 3D printing stocks last week with the international financial services group, Credit Suisse, giving the industry a hopeful review. I’m not a stock broker, so I can’t tell you whether they’re right or wrong, but the firm gave 3D Systems a buy rating, Stratasys a neutral rating, and they indicated that ExOne was overvalued.
With shares up to $52.30 by midday last Tuesday, an increase of 4.5%, DDD was a favourite of analyst Justin Mitchell due to their better than average profit margins, as well as diverse tech and materials portfolio. SSYS stock price rose 2.6% to $95.83, but Credit Suisse was neutral towards the industry leader, despite its higher market price, overall. XONE, which was down to $50.47 at the time of MarketWatch’s coverage (though it’s up to $53.00 right now), was deemed to be overvalued due to “its narrow product range, high exposure to sand casting, complications around the production process, and rich valuation,” according to Mitchell.
While some analysts have thought that the industry is a bit overvalued, Credit Suisse reported that “Our main conclusion is that, despite the hype, additive manufacturing revenue growth could potentially exceed consensus forecasts for ~20% annual sales growth in the coming years.” We’ll have to wait and see how the addition of voxeljet to the NYSE will affect the outlook of stock analysts.
And I thought that it was all of the attendees calling their brokers at the Inside 3D Printing conference that caused those stocks to jump!
Image Source: Patrick Zeder at 3D CAD Browser