In a report released today, Troy Jensen from Lake Street reiterated a Buy rating on Markforged Holding (MKFG – Research Report), with a price target of $2.15. The company’s shares closed yesterday at $0.83.
According to TipRanks, Jensen is a 5-star analyst with an average return of 11.2% and a 52.65% success rate. Jensen covers the Technology sector, focusing on stocks such as Fabrinet, Stratasys, and Materialise.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Markforged Holding with a $2.03 average price target, representing a 144.17% upside. In a report released today, Craig-Hallum also maintained a Buy rating on the stock with a $2.00 price target.
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Based on Markforged Holding’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $29.66 million and a GAAP net loss of $10.73 million. In comparison, last year the company earned a revenue of $67.18 million and had a net profit of $72.51 million
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