Xometry price target lowered to $32 from $36 at RBC Capital

RBC Capital lowered the firm’s price target on Xometry (XMTR) to $32 from $36 and keeps a Sector Perform rating on the shares ahead of its Q1 results. While a manufacturing slowdown is a headwind, the management noted last quarter potential tailwinds from tariffs as customers seek to diversify their supply chains, which should offset some impact, the analyst tells investors in a research note. Outside of the current macro discussion, the firm will look for momentum moving upmarket as it remains positive on Xometry investments in more enterprise-focused account reps and the collaboration tool Teamspace, RBC adds.