In a report released today, Greg Palm from Craig-Hallum maintained a Buy rating on Markforged Holding (MKFG – Research Report). The company’s shares opened today at $1.56.
Palm covers the Industrials sector, focusing on stocks such as Ranpak Holdings, Skyline Champion, and Cavco Industries. According to TipRanks, Palm has an average return of 13.4% and a 52.91% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Markforged Holding with a $2.28 average price target.
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MKFG market cap is currently $380.9M and has a P/E ratio of -6.27.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MKFG in relation to earlier this year.
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