Three Analyst Stocks Projected to Double, or More

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Every week at 24/7 Wall Street we see the research reports from many firms across Wall Street, and we are always sifting through the mounds of data looking for the stocks that Wall Street truly thinks could be the home run shots. Typically these are not the names they pound the table on as much, because price targets that are 100% to 300% and more higher than where the stock is trading sometimes seem like an analyst’s pipe dream. We do still find them though, and once again this week they are there for us to bring to our readers.

As a full disclaimer, these companies are all very speculative. They are only for aggressive investors, and suitable only for accounts that are very speculative and can sustain big price movements. In short, no widows and orphans.

With the caveats and risks in mind, each of these companies could have significant business prospects if they develop as each call has projected. These are the three analysts stock picks from Wall Street in recent days that were projected to have implied upside of 100% or more.

ALSO READ: Five Analyst Stock Picks With 100% or More Implied Upside

3D Systems Corp. (NYSE: DDD) makes the list of stocks with absolutely gigantic targets this week. Its 3D printers convert data input from computer-aided design generated software format or 3D scanning and sculpting devices to printed parts. 3D printing was a super-hot segment last year, and the top stocks were absolutely gutted during the early spring sell-off.

3D Systems is a very volatile stock, and we would quickly point out that hot and fast money jumps in and out of this faster than one can imagine. The analysts at Jefferies are convinced it is a huge winner and have a $102 price target for the stock. The Thomson/First Call consensus target is posted at $67.05.

Note though that 3D Systems is not without its critics. We just saw this week that skepticism was already brought up after the company’s investor presentation. Still, short sellers are far less active in the 3D sector now that the sell-off came. 3D Systems was trading at $49.40 late on Friday, against a 52-week range of $41.05 to $97.28.