Xometry price target raised to $50 from $45 at Citizens JMP

Citizens JMP analyst Andrew Boone raised the firm’s price target on Xometry (XMTR) to $50 from $45 and keeps an Outperform rating on the shares. Xometry reported better-than-expected results as revenue and EBITDA came in above the high end of guidance, with all key performance indicators “healthy” as the company added 3.3K new Active Buyers, the analyst tells investors in a research note. With Xometry supporting its business through greater coverage of Instant Quoting and deeper integrations across manufacturers’ software and processes, growth appears to have reset in the mid-20% range after teens growth in 2024, the firm says.