Voxeljet price target lowered to $2.50 from $5.50 at Lake Street

Lake Street lowered the firm’s price target on Voxeljet to $2.50 from $5.50 and keeps a Buy rating on the shares. While the firm believes Voxeljet shares are “trading at an attractive entry point” and recommends investors look ahead to “three catalysts on the horizon” – citing the momentum building in the automotive vertical, the GE Renewables partnerships and the HighSpeed Sintering printer launch – it is lowering the multiple applied to its 2024 revenue estimate of $35M.