Xometry price target raised to $100 from $75 at Citizens

Citizens raised the firm’s price target on Xometry (XMTR) to $100 from $75 and keeps an Outperform rating on the shares. Xometry delivered solid results, but investor focus centered on its new Siemens (SIEGY) Xcelerator integration partnership, which could significantly expand distribution and scale, with potential optionality to extend similar integrations to other major design platforms like Autodesk (ADSK), broadening Xometry’s long-term reach beyond the Siemens ecosystem, the analyst tells investors in a research note.