Markforged Reiterates FY24 Revenue $95M-$105M Vs $98.624M Est.
Portfolio Pulse from Benzinga Newsdesk
Markforged has reiterated its fiscal year 2024 revenue guidance, projecting revenues to be in the range of $95 million to $105 million, compared to the analyst estimate of $98.624 million.

May 08, 2024 | 9:46 pm
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Markforged reiterates its FY24 revenue guidance, indicating confidence in meeting or exceeding analyst expectations.
By reiterating its revenue guidance for FY24, Markforged signals to investors and the market its confidence in achieving its financial targets. This reaffirmation could positively influence investor sentiment, especially since the guidance range closely matches analyst expectations. The alignment with analyst estimates suggests that Markforged is on track to meet or potentially exceed market forecasts, which could lead to a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100