Xometry price target raised to $56 from $49 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Xometry (XMTR) to $56 from $49 and keeps a Neutral rating on the shares. Xometry delivered a strong quarter driven by robust marketplace performance, ongoing platform initiatives, and growing Enterprise exposure, supporting potential for sustained 20%+ topline growth, the analyst tells investors in a research note. Current valuation suggests a more balanced risk/reward profile, the firm says.