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Investing.com - Goldman Sachs has raised its price target on Xometry Inc (NASDAQ:XMTR) to $56.00 from $49.00 while maintaining a Neutral rating following the company’s third-quarter earnings report. Notably, Xometry ’s stock has already surpassed this target, trading at $62.62 as of the latest close, near its 52-week high of $62.72.
The research firm cited Xometry’s strong marketplace performance amid healthy end markets and increasing digital transformation penetration as key factors supporting the revised target. InvestingPro data shows Xometry achieved 22.4% revenue growth over the last twelve months, validating Goldman’s optimism.
Goldman Sachs noted that Xometry’s continued platform and product initiatives are creating potential for sustained 20%+ topline growth over extended periods, positioning the company for long-term expansion.
The firm highlighted Xometry’s rising exposure to Enterprise opportunities with scope for improved trends in supplier services as another positive development revealed in the earnings report.
Goldman Sachs expects investors to remain focused on the broader macroeconomic environment and potential opportunities like domestic sourcing or challenges related to supply chain and overall demand that could impact Xometry’s performance relative to current expectations.
In other recent news, Xometry Inc reported its third-quarter 2025 earnings, surpassing Wall Street expectations. The company achieved an earnings per share (EPS) of $0.11, slightly higher than the forecasted $0.10. Additionally, Xometry’s revenue reached $180.71 million, exceeding the anticipated $168.25 million. This strong performance has prompted JPMorgan to raise its price target for Xometry to $70 from $55, while maintaining an Overweight rating. The company witnessed a marketplace revenue growth of 31% year-over-year, which significantly exceeded management’s guidance of 20-22%. Furthermore, Xometry has updated its fourth-quarter growth outlook, increasing it from 20-21% to 25-27% as positive trends continued through October. These developments highlight the company’s robust performance and optimistic future outlook as noted by analysts.
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