RBC Capital Maintains Sector Perform on Xometry, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg has maintained a Sector Perform rating on Xometry (NASDAQ:XMTR) but has reduced the price target from $21 to $20.
November 10, 2023 | 7:36 pm
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RBC Capital analyst Matthew Hedberg maintains a Sector Perform rating on Xometry but lowers the price target from $21 to $20.
The reduction in price target by RBC Capital suggests a more conservative valuation of Xometry, which could lead to a negative short-term sentiment among investors and potentially a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100