Xometry price target raised to $85 from $55 at RBC Capital

RBC Capital raised the firm’s price target on Xometry (XMTR) to $85 from $55 and keeps a Sector Perform rating on the shares. The company delivered a strong beat and raise to start the year as revenue accelerated for the third consecutive quarter and adjusted EBITDA was positive for a sixth consecutive quarter, the analyst tells investors in a research note.