In a report released yesterday, Troy Jensen from Piper Jaffray reiterated a Buy rating on Materialise NV (NASDAQ: MTLS), with a price target of $16.50. The company’s shares closed yesterday at $12.98.
According to TipRanks.com, Jensen is a 5-star analyst with an average return of 12.1% and a 52.3% success rate. Jensen covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, Acacia Communications, and Lumentum Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Materialise NV with a $16.50 average price target.
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The company has a one-year high of $16.50 and a one-year low of $11.23. Currently, Materialise NV has an average volume of 88.41K.
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EMaterialise NV engages in the provision of additive manufacturing software and 3D printing services. It operates through the following business segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment develops and delivers additive manufacturing software solutions and related services.
