Stifel Nicolaus analyst Noelle Dilts maintained a Buy rating on Materialise (MTLS – Research Report) yesterday and set a price target of $20.00. The company’s shares closed last Monday at $13.95, close to its 52-week low of $12.44.
According to TipRanks.com, Dilts is a 4-star analyst with an average return of 8.8% and a 51.8% success rate. Dilts covers the Industrial Goods sector, focusing on stocks such as Infrastructure and Energy Alter, Atlas Technical Consultants, and Markforged Holding.
Currently, the analyst consensus on Materialise is a Moderate Buy with an average price target of $19.00, implying a 35.9% upside from current levels. In a report issued on July 29, J.P. Morgan also maintained a Buy rating on the stock with a $19.00 price target.
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Based on Materialise’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $52.96 million and net profit of $134K. In comparison, last year the company earned revenue of $45.55 million and had a GAAP net loss of $3.64 million.
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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. The Materialise Medical segment includes medical software solutions, medical devices and other related products and services. The Materialise Manufacturing segment provides 3D printed services. The company was founded by Wilfried Vancraen on June 28, 1990 and is headquartered in Leuven, Belgium.
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