Citi raised the firm’s price target on Xometry (XMTR) to $98 from $65 and keeps a Buy rating on the shares following the Q1 report. The firm says the company’s marketplace growth is ramping while its newer producers are leading to average revenue per user gains. Xometry’s partnership with Siemens could bring “significantly faster” growth and profitability, the analyst tells investors in a research note.
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