The Contrarian View? Gabelli & Co Upgrades 3D Systems

Sshares of 3D Systems Corporation (NYSE: DDD) fell more than 10 percent Tuesday after 3D printing rival Stratasys, Ltd. (NASDAQ: SSYS) issued disappointing preliminary FY14 results and FY15 guidance.

Hendi Susanto from Gabelli & Co has upgraded the stock to a Buy on Wednesday.

Stratasys' disappointing announcement was due not to demand, but to challenges implementing and scaling a new distribution model – a factor that may not carry over into 3D System’s earnings report.

Related Link: Why This Expert Thinks There's 'More Pain Ahead' For 3D Printing Stocks

Most of the Street has a Hold rating on 3D Systems, with just Canaccord Genuity’s Robert Burleson placing a Buy on the stock. Canaccord’s price target is $50, which 75 percent above the current price.

3D Systems reports earnings on February 26 before the bell. Analysts are looking for EPS of $0.25 versus $0.19 a year ago.

Shares of 3D Systems recently traded at $28.42, down 0.7 percent.