Goldman Sachs Maintains Buy on Xometry, Raises Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Bruno Montanari has reaffirmed a Buy rating on Xometry (NASDAQ:XMTR) and increased the price target from $29 to $46, indicating a positive outlook on the company's stock.
January 19, 2024 | 1:46 pm
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Goldman Sachs has maintained a Buy rating on Xometry and raised the price target to $46, suggesting confidence in the company's future performance.
The increase in price target by a reputable investment bank like Goldman Sachs typically signals a strong conviction in the company's growth prospects and financial health. This endorsement is likely to instill investor confidence and can lead to a short-term increase in the stock price as market participants react to the positive news.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100