Xometry price target raised to $27 from $23 at RBC Capital

RBC Capital raised the firm’s price target on Xometry (XMTR) to $27 from $23 and keeps a Sector Perform rating on the shares after its better than expected Q2 results. Coming off a solid Q2, Xometry is delivering on expectations despite what management noted as an uneven macro environment, the analyst tells investors in a research note. RBC adds it will continue to look for increased enterprise momentum for Xometry in 2025.