Now is the Time to Get Back Into 3D Printing Stocks

by Sam Collins | June 30, 2014 1:01 am

Stratasys (SSYS[1]) — This maker of 3D printers and production systems for office-based rapid prototyping has only one major competitor, 3D Systems (DDD[2]). I’ve recommended both stocks several times this year, most recently DDD on June 27[3].

This consensus earnings estimates for SSYS is $2.20 this year, up from $1.84 in 2013, and $2.97 in 2015. Analysts’ median price target is $130.

On Nov. 20[4], with the stock near $120, I pegged its trading target at $130, and it achieved a high of $138 in early January. SSYS then fizzled and fell to under $90 in May. But it has since rallied above its 200-day moving average and appears headed to $130 again, which is my trading target.

For those who would like to have a position in the future growth of the 3D printing industry, this stock is most likely now at a price that is attractive for both traders and long-term investors. The long-term objective is $150.

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Source URL: https://investorplace.com/2014/06/trade-day-stratasys-ssys-5/

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