11 Best 3D Printing and Additive Manufacturing Stocks to Buy

1. Autodesk, Inc. (NASDAQ:ADSK) 

Analyst Upside Potential: 25.98%

Number of Hedge Fund Holders: 74

Autodesk, Inc. (NASDAQ:ADSK) is a leading company specializing in 3D design, engineering, and entertainment software. It provides advanced solutions for industries such as architecture, engineering, construction, manufacturing, media, and entertainment. It offers tools including AutoCAD Civil 3D, Revit, and BuildingConnected to support building information modeling, construction management, and infrastructure design.

On March 20, Morgan Stanley analyst Elizabeth Porter maintained a Buy rating on the stock with a price target of $385. Porter noted that the nomination of new directors by Starboard is expected to improve communication and execution, addressing investor concerns and boosting confidence in management’s ability to achieve margin expansion goals. Moreover, the analyst believes that despite softening demand in the architecture sector, Autodesk, Inc.’s (NASDAQ:ADSK) strong business model, supports sustainable growth, due to its high retention rates and pricing power.

Porter noted that the company focuses on optimizing its go-to-market strategy and achieving top industry GAAP margins. She also noted the potential for margin expansion and EPS growth driven by the company’s new transaction model, projecting an 8% upside to market EPS expectations for fiscal years 2026–2028. Autodesk, Inc. (NASDAQ:ADSK) is the best 3D printing and additive manufacturing stock to buy.

Parnassus Mid Cap Fund stated the following regarding Autodesk, Inc. (NASDAQ:ADSK) in its Q3 2024 investor letter:

“In Software, we added Autodesk, Inc. (NASDAQ:ADSK) and Cloudflare while exiting Bill.com. We believe Autodesk’s dominant position in architecture, engineering and construction software allows it to increase margins and offer attractive revenue growth. Autodesk is a market-leading vertical software company with the ability to meaningfully improve its margins, while its revenue growth should accelerate as it completes its sales channel re-alignment.”

While we acknowledge the potential of Autodesk, Inc. (NASDAQ:ADSK) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ADSK but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure. None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.