Lake Street analyst Troy Jensen reiterated a Buy rating on Velo3D (VLD – Research Report) today and set a price target of $2.20. The company’s shares closed yesterday at $1.49.
Jensen covers the Technology sector, focusing on stocks such as Stratasys, Nauticus Robotics, and IMPINJ. According to TipRanks, Jensen has an average return of 10.8% and a 51.81% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Velo3D with a $2.20 average price target.
See the top stocks recommended by analysts >>
VLD market cap is currently $286.8M and has a P/E ratio of -2.47.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Velo3D offers metal 3D printing (or additive manufacturing) technology services. Its 3D printers are used to manufacture the components for jet engines, space rockets, fuel delivery systems, and other high-value metal parts. Velo3D also provides support services for an incremental fee.
Read More on VLD:
