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

RBC Capital raised the firm’s price target on Xometry (XMTR) to $36 from $32 and keeps a Sector Perform rating on the shares. The company showed strong first quarter results with revenue and adjusted EBITDA outperformance as company-specific tailwinds cut through the macro noise, the analyst tells investors in a research note. The management has not seen much negative impact from tariffs, but rather an incremental opportunity around higher demand from customers seeking domestic sourcing, RBC adds.