Why ExOne Stock Soared Today
Shares of ExOne (NASDAQ: XONE) have soared today, up by 20% as of 2:30 p.m. EST on Tuesday after getting a bullish initiation from Wall Street. Stifel kicked off coverage of ExOne with a buy rating while assigning a price target of $20.
Analyst Noelle Dilts believes that the industrials company, which develops 3D printing machines that can handle more-complicated designs and complex parts, will capitalize on rising demand throughout industrial production supply chains. ExOne is a clear leader in binder jetting technology, and the COVID-19 pandemic has accelerated its adoption as companies look to address vulnerabilities that were exposed by the public health crisis.
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Source Fool.com
