Goldman Sachs analyst Eric Sheridan has reiterated their bullish stance on XMTR stock, giving a Buy rating yesterday.
Eric Sheridan has given his Buy rating due to a combination of factors that highlight Xometry’s strong performance and future potential. The company reported a robust fourth quarter, surpassing revenue estimates and maintaining a positive outlook for fiscal year 2025, driven by over 20% growth in Marketplace revenue. This growth is supported by management’s focus on expanding enterprise segments and enhancing buyer and supplier networks.
Additionally, while gross margins are expected to be impacted by investments in the first quarter, management is confident about returning to regular Marketplace gross margin expansion in the subsequent quarters. Xometry also projects a positive adjusted EBITDA for fiscal year 2025, despite initial setbacks due to geographic scaling investments. The company is poised to capitalize on significant growth opportunities, including AI-powered solutions and international market penetration, within a vast total addressable market. These factors contribute to the Buy rating and an adjusted 12-month price target of $30.
In another report released yesterday, Wedbush also maintained a Buy rating on the stock with a $40.00 price target.