JMP Securities analyst Nicholas Jones CFA maintained a Buy rating on Xometry (XMTR – Research Report) today and set a price target of $40.00.
Nicholas Jones CFA’s rating is based on Xometry’s strong performance and strategic initiatives. The company reported impressive fourth-quarter results, with revenue and adjusted EBITDA exceeding expectations, despite facing foreign exchange challenges. Xometry’s focus on expanding its international markets is seen as a positive move, as it aims to enhance marketplace gross profit margins in the upcoming quarters.
Additionally, Xometry’s enterprise initiative is gaining traction, with significant growth in accounts spending over $500,000 annually. The company’s management remains committed to achieving a 20% year-over-year marketplace revenue growth in 2025, supported by improved gross profit margins and operational efficiencies. Despite softer guidance due to increased investments, the analyst maintains confidence in Xometry’s ability to execute its strategic goals and its potential to disrupt the market, leading to a Buy rating with a price target of $40.
In another report released today, Wedbush also maintained a Buy rating on the stock with a $40.00 price target.
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