Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Shivani Kumaresan

Loop Capital Sees 30% Upside In Xometry - Read Why

  • Loop Capital analyst Scott Graham initiated coverage of Xometry Inc (NASDAQ:XMTR) with a Buy rating and a $50 price target, implying a 30% upside.
  • The analyst noted Xometry’s revenue growth is driven by core buyers increasing the platform use and attracting new buyers at various organizations.
  • Graham is optimistic about the company’s revenue streams and expects the revenue growth to continue.
  • In March, Xometry reported $67.10 million in Q4 sales, beating the consensus of $63.28 million.
  • The company sees Q1 sales of $81 million - $82 million versus the consensus of $81.82 million.
  • Price Action: XMTR shares are trading higher by 6.46% at $38.25 on the last check Wednesday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.