Lake Street starts Velo3D with a Buy, sees path to ‘sustained growth’

As previously reported, Lake Street initiated coverage of Velo3D (VELO) with a Buy rating and $6 price target The firm views Velo3D as well-positioned to benefit from sustained tailwinds driven by reshoring manufacturing efforts, says the analyst, who believes the company’s new management and RPS model have positioned it on “a path of significant, sustained growth.”