In this piece, we will take a look at five 3D printing stocks with a high analyst share price upside. If you want to take a detailed overview of the 3D printing industry, then read What happened to 3D printing stocks?
5. 3D Systems Corporation (NYSE:DDD)
Average Analyst Share Price Upside: 42%
Average Analyst Share Price Target: $5.45
3D Systems Corporation (NYSE:DDD) is another 3D printing penny stock. It is a pure play additive manufacturing hardware and software provider that sells printers, software, and other associated products. April 2024 was an important month for the firm because it secured the FDA’s 501(k) clearance for its skull implant solution.
According to Insider Monkey’s data, 12 hedge funds hold 3D Systems Corporation (NYSE:DDD)’s shares. This list includes Catherine D. Wood’s ARK Investment Management which had reported a $19.7 million take.
[company-follow-email-id=910638][/company-follow-email]
4. Desktop Metal, Inc. (NYSE:DM)
Average Analyst Share Price Upside: 43%
Average Analyst Share Price Target: $1.03
Desktop Metal, Inc. (NYSE:DM) is a pureplay 3D printing hardware company. It sells printers and materials used in different additive manufacturing processes. The average share price target among three analysts that have covered the shares during the last 12 months is $1.03 while the average share rating is Buy.
As 2023’s December quarter came to a close, 12 out of the 933 hedge funds tracked by Insider Monkey’s research were Desktop Metal, Inc. (NYSE:DM)’s stakeholders.
[company-follow-email-id=1754820][/company-follow-email]
3. FARO Technologies, Inc. (NASDAQ:FARO)
Average Analyst Share Price Upside: 43%
Average Analyst Share Price Target: $28
FARO Technologies, Inc. (NASDAQ:FARO) is a specialized 3D printing technology company whose products enable designers to accurately measure and map objects. Its shares are up by 3.6% so far in May 2024, on the back of a strong earnings report that saw FARO Technologies, Inc. (NASDAQ:FARO)’s $0.09 EPS beat analyst estimates of a $0.12 loss.
Insider Monkey compiled data from 933 hedge fund SEC filings covering Q4 2023 data and found that 23 had held stakes in FARO Technologies, Inc. (NASDAQ:FARO). Steven Baughman’s Divisar Capital reported the largest stake which was worth $37.1 million.
[company-follow-email-id=917491][/company-follow-email]
2. Stratasys Ltd. (NASDAQ:SSYS)
Average Analyst Share Price Upside: 72%
Average Analyst Share Price Target: $16.29
Stratasys Ltd. (NASDAQ:SSYS) sells 3D printers and associated software. The firm sought to target the textile industry in April 2024, when it shared that its J580 printer will now be able to add designs to garments.
Out of the 933 hedge fund filings tracked by Insider Monkey’s database, 15 were Stratasys Ltd. (NASDAQ:SSYS)’s stakeholders. David Rosen’s Rubric Capital Management was the largest stakeholder as it held $60.6 million worth of shares.
[company-follow-email-id=915735][/company-follow-email]
1. Materialise NV (NASDAQ:MTLS)
Average Analyst Share Price Upside: 98%
Average Analyst Share Price Target: $10.29
Materialise NV (NASDAQ:MTLS) is a diversified 3D printing and design company. It sells printers and software that allow customized device design in the medical industry. The average of four analyst share price targets is Strong Buy courtesy of JPMorgan and Cantor Fitzgerald’s Overweight ratings.
As of December 2023 end, six out of the 933 hedge funds part of Insider Monkey’s database had held a stake in Materialise NV (NASDAQ:MTLS). The largest stake reported for this period belonged to Catherine D. Wood’s ARK Investment Management and it was worth $12.2 million.
[company-follow-email-id=1091223][/company-follow-email]
Disclosure: None. You can also take a look at the 20 Biggest Grain Exporting Countries in the World and 20 Countries That Produce the Most Gold in the World.
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.
