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Craig-Hallum Maintains Xometry(XMTR.US) With Buy Rating, Announces Target Price $30

Futu News ·  Nov 6 22:31  · Ratings

Craig-Hallum analyst Greg Palm maintains $Xometry (XMTR.US)$ with a buy rating, and sets the target price at $30.

According to TipRanks data, the analyst has a success rate of 51.6% and a total average return of 7.2% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Xometry (XMTR.US)$'s main analysts recently are as follows:

  • The company outperformed third-quarter expectations. Despite challenges within the wider manufacturing sector, the company's execution of its strategy to introduce new capabilities, emphasize enterprise clients, and grow its supplier network is noteworthy.

  • Following a robust second quarter, Xometry is meeting expectations in the face of a variable macroeconomic landscape. Looking ahead, the focus will be on the company's growing enterprise momentum anticipated to be more pronounced by 2025.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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