Goldman Sachs Maintains Buy on Xometry, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Bruno Montanari maintains a Buy rating on Xometry (NASDAQ:XMTR) but lowers the price target from $46 to $28.

March 01, 2024 | 2:42 pm
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Goldman Sachs maintains a Buy rating on Xometry but reduces the price target from $46 to $28.
While the maintenance of a Buy rating by Goldman Sachs indicates continued confidence in Xometry's fundamentals and growth potential, the significant reduction in the price target could signal concerns about valuation or near-term headwinds. This mixed signal might lead to short-term volatility in XMTR's stock price as investors reassess their expectations based on the new price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100