3D Systems Agrees To Sell Geomagic Portfolio For $123 Million, AI And 3D Printing Take Center Stage
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 12 2024
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Source: Benzinga
3D Systems Sells Geomagic Portfolio: 3D Systems Corporation has agreed to sell its Geomagic software portfolio to Hexagon for $123 million, focusing on enhancing its core software platforms for 3D printing post-divestiture.
Strategic Shift and Financial Position: The company aims to leverage AI and machine learning to improve software development and customer support in high-volume production environments, while maintaining a strong cash position of $190 million as of September 30, 2024.
Analyst Views on MAKX
Wall Street analysts forecast MAKX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MAKX is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 57.145
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Current: 57.145
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
