Xometry price target raised to $78 from $54 at Goldman Sachs

Goldman Sachs analyst Eric Sheridan raised the firm’s price target on Xometry (XMTR) to $78 from $54 and keeps a Neutral rating on the shares. Xometry’s Q1 results showed continued marketplace strength with revenue ahead of prior guidance and an improved full-year growth outlook, alongside a major Siemens (SIEGY) partnership that integrates its AI capabilities into the Siemens ecosystem and includes a $50M equity investment, while ongoing platform enhancements are aimed at boosting conversion, scale, and long-term marketplace efficiency, the analyst tells investors in a research note.