Stratasys Direct Manufacturing, an indirect subsidiary of Stratasys, Ltd.(NASDAQ:SSYS), released “3D Printing’s Imminent Impact on Manufacturing“, an in-depth industry report highlighting current and impending trends in 3D printing. The report is based on an independent survey of 700 designers, engineers and executives – 40 percent of whom are employed by companies with over $50 million in revenue. Moreover, respondents work for companies that are committed to using 3D printing, making this one of the only 3D printing reports uniquely focused on insights from professional users.
“We needed to look beyond our factory walls to get a more complete sense of where 3D printing is headed, so we turned to those who live and breathe the technology just like we do – professional users,” said Joe Allison, CEO of Stratasys Direct Manufacturing. “We set out to uncover the common themes among companies who are on the spectrum of larger-scale adoption and integration of 3D printing into their manufacturing process. We’re sharing our findings to help advance adoption and help manufacturers’ maximize the business benefits.”
The report indicates what applications, business benefits and challenges, equipment, materials and services are capturing the attention of 3D printing’s most committed users – and where their companies will invest. Among the most fascinating results:
- The majority of respondents – representing the aerospace, automotive, consumer and medical sectors – strongly believe more end-use parts will be designed specifically for additive manufacturing (AM) in the future
- Additive metal use is expected to nearly double over the next 3 years
- The majority of respondents said that regardless of their company’s in-house AM capabilities, they believe there will always be value in partnering with an AM service provider to augment internal capabilities
“If your company is a committed user of 3D printing, the report will provide assurance that you are headed down a similar path of your peers and face many of the same challenges to adoption. If you’re still dipping your toe in the water, the results may serve as a wake-up call to take swifter action,” added Allison. (Original Source)
Shares of Stratasys closed yesterday at $31.71. SSYS has a 1-year high of $130.83 and a 1-year low of $27.66. The stock’s 50-day moving average is $33.44 and its 200-day moving average is $47.02.
On the ratings front, Stratasys has been the subject of a number of recent research reports. In a report issued on August 4, J.P. Morgan analyst Paul Coster upgraded SSYS to Buy, with a price target of $42, which represents a potential upside of 32.5% from where the stock is currently trading. Separately, on July 31, Brean Murray Carret’s Ananda Baruah maintained a Hold rating on the stock .
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Paul Coster and Ananda Baruah have a total average return of -0.5% and -2.1% respectively. Coster has a success rate of 51.0% and is ranked #2849 out of 3734 analysts, while Baruah has a success rate of 46.0% and is ranked #3288.
Overall, 7 research analysts have assigned a Hold rating and 5 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $50.50 which is 59.3% above where the stock closed yesterday.
Stratasys Ltd provides additive manufacturing solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts. It offers 3D printers and 3D production systems.