Craig-Hallum lowered the firm’s price target on Xometry to $23 from $25 and keeps a Buy rating on the shares following the quarterly results. The 35% decline on Thursday was way overdone and a byproduct of soft guidance and profitability pushouts, the analyst tells investors in a research note. The firm views guidance as overly conservative, which puts Xometry in a place to beat and raise throughout the year.
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Read More on XMTR:
- Xometry Announces New CFO and Financial Strategy Update
- Xometry sees Q1 revenue $118M-$120M, consensus $135.95M
- Xometry reports Q4 EPS (1c), consensus (1c)
- Xometry appoints Miln as new Chief Financial Officer
- Xometry Reports Fourth Quarter and Full Year 2023 Results
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