Cantor Fitzgerald Reiterates Overweight Rating on 3D Systems (DDD)

Cantor Fitzgerald analyst Troy Jensen reiterated an Overweight rating and $5.00 price target on 3D Systems (NYSE: DDD).

The analyst commented, “3D Systems posted results that reflected a healthy uptick in the sale of new industrial printer systems and global services in 4Q24, as well as a return to healthy consumable sales in most markets. However, the positive developments were overshadowed by an accounting estimate change in its Regenerative Medicine program related to refinement of milestone recognition criteria, which reduced Healthcare Solutions revenue by $8.7 million. Total revenue of $111.0 million was down 3% y/y and ~4% versus Cantor estimate and FactSet consensus. Healthcare Solutions revenue of $40.4 million fell 21% y/y, while Industrial Solutions revenue rose 11% y/y to $70.7 million. For the quarter, the company posted non-GAAP EPS of $(0.19) compared to Cantor estimate of $(0.12) and FactSet consensus of $(0.11). On the earnings report, shares of DDD are down ~21% versus flat performance in the S&P 500 and Russell 2000 indices.” Also, “We reiterate our Overweight rating on DDD shares. Our $5.00 price target equates to an EV/Sales multiple of 1.5x (unchanged) based on our 2026 sales assumption of $455.0 million.”

For an analyst ratings summary and ratings history on 3D Systems click here. For more ratings news on 3D Systems click here.

Shares of 3D Systems closed at $2.15 yesterday.

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