William Blair analyst Brian Drab has maintained their bullish stance on XMTR stock, giving a Buy rating on April 15.
Brian Drab has given his Buy rating due to a combination of factors that highlight Xometry’s strong position in the digital manufacturing landscape. One key consideration is the recent acquisition of Fictiv by MISUMI, which provides a valuable reference point for Xometry’s valuation. Despite differences in their business models, Fictiv is considered a close comparable to Xometry, as both companies serve similar customer bases and leverage extensive manufacturing networks.
Another significant factor is Xometry’s expansive global manufacturing partner base, which far exceeds that of Fictiv. With over 4,375 partners, Xometry offers substantial capacity, including a strong presence in the U.S., which is increasingly important amid global supply chain uncertainties. Additionally, Xometry’s current trading valuation, at a significant discount compared to Fictiv’s, suggests potential upside, making it an attractive investment opportunity. These elements collectively support Brian Drab’s Buy rating for Xometry’s stock.
In another report released on April 15, Wedbush also maintained a Buy rating on the stock with a $26.00 price target.