Analysts Have Conflicting Sentiments on These Technology Companies: Edgio (EGIO) and Xometry (XMTR)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Edgio (EGIO – Research Report) and Xometry (XMTR – Research Report).

Edgio (EGIO)

Craig-Hallum analyst Jeff Van Rhee maintained a Hold rating on Edgio today. The company’s shares closed last Wednesday at $0.46, close to its 52-week low of $0.45.

According to TipRanks.com, Rhee is a 5-star analyst with an average return of 23.6% and a 62.0% success rate. Rhee covers the Technology sector, focusing on stocks such as Intellicheck Mobilisia, Alkami Technology, and Planet Labs PBC.

Edgio has an analyst consensus of Moderate Buy, with a price target consensus of $2.00.

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Xometry (XMTR)

Craig-Hallum analyst Greg Palm maintained a Buy rating on Xometry today. The company’s shares closed last Wednesday at $22.41.

According to TipRanks.com, Palm is a 4-star analyst with an average return of 9.0% and a 49.2% success rate. Palm covers the Technology sector, focusing on stocks such as Tempo Automation Holdings, Shapeways Holdings, and Markforged Holding.

Xometry has an analyst consensus of Strong Buy, with a price target consensus of $26.60, representing a 17.5% upside. In a report issued on June 8, Bank of America Securities also maintained a Buy rating on the stock with a $32.00 price target.

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