Xometry price target raised to $60 from $41 at Cantor Fitzgerald

Cantor Fitzgerald analyst Troy Jensen raised the firm’s price target on Xometry (XMTR) to $60 from $41 and keeps a Neutral rating on the shares. Xometry reported better-than-expected September quarter results for revenue, adjusted EBITDA and non-GAAP EPS, and posted record quarterly revenue, gross profit, Marketplace gross margin, and adjusted EBITDA, the analyst tells investors in a research note. Strength in Q3 has carried into Q4, and the company is gaining market share as it expands its network of buyers and suppliers and deepens its relationships with enterprises, Cantor says.