Cantor upgrades Xometry to Neutral after Q2 beat, guidance raise

As previously reported, Cantor Fitzgerald upgraded Xometry (XMTR) to Neutral from Underweight with a price target of $41, up from $21, following the company’s better-than-expected Q2 results and guidance raise. Investments in the platform have enabled Xometry to become a “strategic sourcing partner” and win larger enterprise customers, says the analyst, who sees the company’s technology becoming more embedded in customer workflows.