The Analyst Landscape: 4 Takes On Xometry
Portfolio Pulse from Benzinga Insights
Xometry (NASDAQ:XMTR) has received mixed ratings from 4 analysts in the past three months, with an average 12-month price target of $38.5, up 46.67% from the previous $26.25. Goldman Sachs analyst Bruno Montanari raised the target to $46, JMP Securities' Nicholas Jones to $42, while RBC Capital's Matthew Hedberg lowered it to $20. Xometry's financials show a 14.83% revenue growth but lag in net margin and ROE compared to industry averages, with a sound debt-to-equity ratio of 0.9.
January 22, 2024 | 1:01 pm
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POSITIVE IMPACT
Analysts have mixed opinions on Xometry, with an increased average price target of $38.5, indicating potential upside. Financials show strong revenue growth but weaker profitability metrics.
The mixed analyst ratings with a higher average price target suggest optimism about Xometry's future stock performance, especially with the strong revenue growth. However, concerns about profitability and below-average net margin and ROE may temper the positive impact on the stock price. The score reflects the potential for stock appreciation due to the raised price targets by analysts.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100