Xometry (XMTR) Receives a Buy from Craig-Hallum

In a report released today, Greg Palm from Craig-Hallum maintained a Buy rating on Xometry (XMTR – Research Report). The company’s shares closed last Friday at $18.34.

Palm covers the Technology sector, focusing on stocks such as Faro Technologies, nLIGHT, and Markforged Holding. According to TipRanks, Palm has an average return of 8.5% and a 51.50% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Xometry with a $26.60 average price target, representing a 45.04% upside. In a report released on April 23, JMP Securities also assigned a Buy rating to the stock with a $30.00 price target.

XMTR market cap is currently $895M and has a P/E ratio of -13.01.

Based on the recent corporate insider activity of 40 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 XMTR in relation to earlier this year.

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Xometry (XMTR) Company Description:

Xometry Inc is engaged in providing AI-enabled manufacturing equipment. Its buyers include engineers, product designers, procurement and supply chain personnel, inventors, and business owners. The manufacturing processes offered by the company include CNC Machining, Injection Molding, Urethane Casting, 3D Printing, and Die Casting.