William Blair analyst Brian Drab has maintained their bullish stance on XMTR stock, giving a Buy rating yesterday.
Brian Drab has given his Buy rating due to a combination of factors that highlight Xometry’s strong growth potential and strategic positioning. The company reported fourth-quarter revenue that surpassed expectations, marking a significant milestone with its first positive adjusted EBITDA. This achievement is underpinned by a robust 20% year-over-year increase in marketplace revenue, showcasing consistent growth momentum.
Despite a slight dip in first-quarter forecasts, attributed to international investments in regions like India and Turkey, Xometry’s long-term outlook remains promising. The company’s strategic efforts to diversify supply chains away from China align with broader industry trends, potentially enhancing its market position. With expectations of marketplace revenue growth exceeding 20% annually and a positive full-year adjusted EBITDA, Xometry is well-positioned for continued success, justifying the Buy rating.
In another report released yesterday, Wedbush also maintained a Buy rating on the stock with a $40.00 price target.