Citron Research released a cautious report on 3D Systems (DDD) as DDD stock is down early Friday afternoon.
The research firm’s report set a near-term price target for 3D systems at $56. Citron says that two of the 3D-printing company’s most recent earning reports missed analyst estimates. 3D Systems will report another quarter with marginal profits.
In the report, Citron said that they rate 3D Systems a BUY. “The company is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover,” the report said.
The report added that the company has a strong robust revenue growth, a very solid financial position with reasonable debt levels, growth in earnings per share that promote growth in net income and a decent cash flow from operations.
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