William Blair analyst Brian Drab has maintained their bullish stance on XMTR stock, giving a Buy rating today.
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Brian Drab has given his Buy rating due to a combination of factors that highlight Xometry’s strong performance and growth potential. The company’s second-quarter results exceeded expectations, with revenue and adjusted EBITDA surpassing consensus estimates. This was driven by a significant year-over-year increase in marketplace revenue and an expansion in marketplace gross margin. Additionally, the number of active buyers rose substantially, indicating a growing customer base.
Management’s upward revision of 2025 guidance further supports the Buy rating, with expectations for robust marketplace and total revenue growth, as well as an improvement in marketplace gross margin. Despite challenges in the manufacturing sector, Xometry has shown resilience through enterprise growth, international expansion, and the successful rollout of new products and platforms. These achievements suggest a promising future for the company, with the potential for strong earnings growth as it scales towards $1 billion in annual revenue.
In another report released today, Wedbush also maintained a Buy rating on the stock with a $48.00 price target.