Loop Capital Sees 30% Upside In Xometry - Read Why

  • Loop Capital analyst Scott Graham initiated coverage of Xometry Inc XMTR with a Buy rating and a $50 price target, implying a 30% upside.
  • The analyst noted Xometry’s revenue growth is driven by core buyers increasing the platform use and attracting new buyers at various organizations.
  • Graham is optimistic about the company’s revenue streams and expects the revenue growth to continue.
  • In March, Xometry reported $67.10 million in Q4 sales, beating the consensus of $63.28 million.
  • The company sees Q1 sales of $81 million - $82 million versus the consensus of $81.82 million.
  • Price Action: XMTR shares are trading higher by 6.46% at $38.25 on the last check Wednesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorNewsPrice TargetInitiationSmall CapAnalyst RatingsMoversTrading IdeasGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!