JMP Securities Maintains Market Outperform on Xometry, Raises Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Nicholas Jones has maintained a Market Outperform rating on Xometry (NASDAQ:XMTR) and increased the price target from $26 to $42.
January 03, 2024 | 11:25 am
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POSITIVE IMPACT
JMP Securities analyst Nicholas Jones has reaffirmed Xometry's Market Outperform rating and raised the price target from $26 to $42, indicating a positive outlook on the stock.
The increase in price target by JMP Securities suggests a strong conviction in Xometry's future performance. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100