The Analyst Verdict: Xometry In The Eyes Of 4 Experts
Portfolio Pulse from Benzinga Insights
Xometry (NASDAQ:XMTR) has been evaluated by 4 analysts over the last three months, showing a generally bullish outlook with 3 bullish and 1 somewhat bullish ratings. The average 12-month price target for XMTR has been raised to $40.5, indicating a 24.62% increase from the previous target of $32.50. Analysts' actions, including rating changes and price target adjustments, reflect their evolving view on the company's performance and market conditions. Xometry's financials show positive revenue growth but below-average profitability and efficiency metrics.
March 01, 2024 | 3:01 pm
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Xometry has received a generally bullish outlook from analysts, with an updated average 12-month price target of $40.5, reflecting a 24.62% increase. The company shows positive revenue growth but struggles with profitability and efficiency.
The positive adjustment in Xometry's price target by analysts suggests an optimistic outlook on the stock's future performance, likely driving short-term investor interest and potentially boosting the stock price. However, concerns about profitability and efficiency metrics may temper gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100