RBC Capital Maintains Sector Perform on Xometry, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg has maintained a Sector Perform rating on Xometry (NASDAQ:XMTR) but lowered the price target from $38 to $23.

March 01, 2024 | 3:50 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
RBC Capital has maintained its Sector Perform rating on Xometry but reduced the price target from $38 to $23.
The reduction in price target by RBC Capital suggests a bearish outlook on Xometry's short-term price potential, likely due to revised expectations on the company's future performance. This could lead to negative sentiment among investors, potentially causing a short-term decrease in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100