Cantor Fitzgerald last night initiated coverage of 3D Systems with an Overweight rating and $8.50 price target. The Overweight rating is based on the view that a substantial number of new product cycles and product refreshes should accelerate the company’s growth, while industry pent-up demand and a consolidation wave offer a favorable environment for growth and profitability, the analyst tells investors in a research note. The firm sees pent-up demand entering 2024.
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