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Investing.com - JPMorgan has raised its price target on Xometry Inc (NASDAQ:XMTR) to $70.00 from $55.00 while maintaining an Overweight rating following the company’s strong third-quarter performance. This new target aligns with the analyst high target identified by InvestingPro, as the stock has delivered an impressive 142.34% return over the past year.
Xometry reported better-than-expected results for the third quarter, with marketplace revenue growth accelerating to 31% year-over-year, significantly exceeding management’s guidance of 20-22%. The company has also raised its fourth-quarter growth outlook from 20-21% to 25-27% as strong trends continued through October. This acceleration outpaces Xometry’s already solid 22.4% revenue growth for the last twelve months.
The manufacturing marketplace platform achieved a record marketplace gross margin of 35.7% in the quarter, which exceeded JPMorgan’s expectations and allowed the company to make discretionary operating expense investments while delivering adjusted EBITDA upside.
Management noted broad-based strength across processes and verticals, with U.S. enterprise demand highlighted as particularly strong. Despite operating in a sluggish manufacturing environment, Xometry expects growth of at least 20% in 2026, which is above previous Street estimates.
JPMorgan identified Xometry as its highest conviction small and mid-cap idea as a play on manufacturing under the Trump administration, citing a significant secular growth opportunity and emerging benefits from onshoring and multi-sourcing trends. With a market capitalization of $3.18 billion and trading near its 52-week high, InvestingPro analysis suggests the stock may be overvalued compared to its Fair Value. Discover more insights in Xometry’s comprehensive Pro Research Report, available among 1,400+ top stocks covered by InvestingPro.
In other recent news, Xometry Inc reported its third-quarter 2025 earnings, exceeding Wall Street expectations. The company achieved an earnings per share (EPS) of $0.11, surpassing the forecasted $0.10. Additionally, Xometry reported a revenue of $180.71 million, which was higher than the anticipated $168.25 million. These results have been a focal point for investors, highlighting the company’s strong financial performance. The earnings beat has garnered attention from analysts and investors alike. Such positive financial outcomes often influence investor sentiment and strategic decisions. This development is part of a series of recent updates from the company.
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