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Shares of 3D Systems Corp. (NYSE: DDD) got a little boost on Tuesday after the company raised its revenue outlook for the 2014 fiscal year from a prior range of $680 to $720 million to a new range of $695 to $735 million. 3DS, as it’s known, left its earnings per share (EPS) estimate unchanged at a range of $0.73 to $0.85.

The company also said that it expects to double its 2013 revenues of $513 million in the 2015 fiscal year and it expects gross margins to reach levels of 55% to 60% in that year.

Some analysts were impressed and others were not. Gabelli cut its rating from Buy to Hold, while RBC Capital left its rating at Outperform but cut its price target from $78 to $64 a share. That’s still a handsome implied gain of 28% from today’s price of around $50.

Analysts at Credit Suisse have a Neutral rating on the stock with a price target of $69. The firm lowered its earnings per share estimate for 2015 from $1.19 to $1.13 while leaving its estimate for 2016 EPS at $1.88.

Pacific Crest maintains an Outperform rating on 3DS stock and a price target of $59. The firm notes the impending entrance of Hewlett-Packard Co. (NYSE: HPQ) into the 3D printing space as a concern for 3DS’s stock price.

Short interest in 3DS has been rising since the beginning of the year and reached a peak of more than 33 million shares on May 15th. Short interest dropped more than 5% in the following two-week reporting period and stood at around 31.5 million shares short on May 30th. Just over 30% of 3DS’s shares are now held short. With the stock down almost 50% from its January peak, the recent drop in short interest shouldn’t be a surprise. We would also expect short interest to slip further in the current reporting period.

Shares of 3DS are trading up about 0.3% Wednesday afternoon at $49.44 in a 52-week range of $41.05 to $97.28.

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