3D Stock Forecast (NASDAQ: DDD): 3D Systems Can Breach $30

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First

Summary:

  • The stock price of 3D Systems has more than doubled since my last buy rating for it last February 23. I still endorse this stock as a buy.
  • My fearless forecast is that DDD can hit $30 within the next 12 months. Additive manufacturing’s gradual shift from prototyping to production applications is a long-term tailwind for 3D Systems.
  • The 2018 Wohlers Report revealed that the 3D printing industry grew 21% to $7.3 billion in 2017. Sales of 3D-printed parts from independent service bureaus contributed $2.995 billion.
  • I Know First’s AI still gives DDD a bullish one-year algorithmic market trend forecast.

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