The Analyst Verdict: Xometry In The Eyes Of 4 Experts
Portfolio Pulse from Benzinga Insights
Xometry (NASDAQ:XMTR) has been analyzed by four analysts, revealing mixed sentiments. The average 12-month price target is now $21.0, down from $27.0. Key analysts have adjusted their ratings and price targets, reflecting varied expectations for the company's performance.
July 23, 2024 | 7:02 pm
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NEUTRAL IMPACT
Xometry has received mixed analyst ratings, with a new average 12-month price target of $21.0, down from $27.0. Analysts from JMP Securities, Cantor Fitzgerald, Citigroup, and Craig-Hallum have adjusted their ratings and price targets, reflecting varied expectations for the company's performance.
The mixed analyst ratings and the reduction in the average 12-month price target indicate uncertainty about Xometry's short-term performance. While some analysts maintain a bullish outlook, others have downgraded their ratings, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100