Craig-Hallum Maintains Buy on Xometry, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Greg Palm maintains a Buy rating on Xometry (NASDAQ:XMTR) but lowers the price target from $23 to $20.

May 10, 2024 | 4:11 pm
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Craig-Hallum has maintained its Buy rating on Xometry but reduced the price target from $23 to $20, indicating a positive outlook but with adjusted expectations.
The maintenance of a Buy rating suggests a positive outlook on Xometry's stock by Craig-Hallum, indicating confidence in the company's future performance. However, the reduction in the price target could reflect a reassessment of the company's short-term growth potential or market conditions, potentially leading to a neutral short-term impact on the stock price as investors digest the mixed signals.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100