Markforged price target lowered to $1.30 from $1.45 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Markforged to $1.30 from $1.45 and keeps an Overweight rating on the shares. Markforged’s Q1 revenue fell 15% sequentially, which was in line with management’s expectations of a mid-teens decline, the analyst tells investors in a research note. The top-line weakness also largely reflects system demand, the firm says.