Voxeljet price target raised to $2.75 from $2.50 at Alliance Global Partners

Alliance Global Partners raised the firm’s price target on Voxeljet to $2.75 from $2.50 and keeps a Buy rating on the shares. The company’s Q3 results were relatively in line with expectations, the analyst tells investors in a research note. The firm cites lower cost assumptions and higher revenue estimates for the target raise. Voxeljet continues to keep a healthy backlog that provides solid revenue visibility, says AGP.