5 Best 3D Printing Stocks To Buy Now

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1. Autodesk, Inc. (NASDAQ:ADSK)

Number of Hedge Fund Holders: 50

Stock Price as of July 29: $216.32

Autodesk, Inc. (NASDAQ:ADSK) is a San Rafael, California-based provider of 3D designing, engineering, and construction software products and services.

On July 26, Ken Wong at Oppenheimer initiated coverage on Autodesk, Inc. (NASDAQ:ADSK) with an Outperform rating and a target price of $320. The analyst anticipates the company to deliver consistent high teens to low 20% growth in earnings due to the strong growth in the top line and margin expansion. Wong added that Autodesk, Inc. (NASDAQ:ADSK) is in a unique position to capitalize on the digital transformation in the construction industry.

Autodesk, Inc. (NASDAQ:ADSK) is the biggest holding in Ark Investment’s 3D Printing ETF. The hedge fund increased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 5% during the second quarter of the year.

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