Cantor Fitzgerald upgraded Xometry (XMTR) to Neutral from Underweight with a price target of $41, up from $21. Xometry reported better-than-expected June quarter results for revenue, adjusted EBITDA, margins, and non-GAAP EPS, the analyst tells investors in a research note. Investments in the platform have enabled Xometry to win larger enterprise customers and to become a strategic sourcing partner, and has eliminated refinancing risk with the recent restructuring of its convertible debt, the firm says.
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