Do Analysts Agree Thursday on 3D Systems Corp (DDD) Stock’s Target Price?
Wall Street is positive on 3D Systems Corp (DDD). On average, analysts give the stock a Hold rating. The average price target is $10.333, which means analysts expect the stock to lose by -15.37% over the next twelve months.
That average ranking earns the stock an Analyst Rating of 2, which is better than 2% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
A company’s financial statements are a significant factor weighted by experts when analyzing a company’s health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What’s Happening With 3D Systems Corp Stock Today?
3D Systems Corp (DDD) stock is trading at $12.21 as of 12:50 PM on Thursday, Feb 2, a rise of $1.20, or 10.9% from the previous closing price of $11.01. The stock has traded between $11.49 and $12.24 so far today. Volume today is 1,007,158 compared to average volume of 1,200,401.
Click Here to get the full Stock Report for 3D Systems Corp stock.