Verizon to cut 15,000 jobs amid growing competition pressures - WSJ
Investing.com - Cantor Fitzgerald raised its price target on Xometry Inc (NASDAQ:XMTR) to $60.00 from $41.00 on Wednesday, while maintaining a Neutral rating on the stock. The stock is currently trading at $62.21, near its 52-week high of $62.72, after delivering a remarkable 142.34% return over the past year.
The price target increase follows Xometry ’s better-than-expected third-quarter results, which included record quarterly revenue, gross profit, Marketplace gross margin, and adjusted EBITDA. InvestingPro data shows the company achieved 22.4% revenue growth with a healthy gross profit margin of 39.29%.
Xometry reported stronger-than-anticipated revenue, adjusted EBITDA, and non-GAAP EPS for the September quarter, according to Cantor Fitzgerald.
The firm noted that Xometry’s third-quarter momentum has continued into the fourth quarter, with the company gaining market share as it expands its network of buyers and suppliers while deepening relationships with enterprise customers.
Xometry has raised its 2025 Marketplace growth guidance and now anticipates at least 20% consolidated revenue growth in 2026, while its shares rose approximately 24% intraday following the earnings report, outperforming the S&P 500 and Russell 2000 indices, which declined about 1%.
In other recent news, Xometry Inc reported its third-quarter 2025 earnings, surpassing Wall Street expectations with an earnings per share (EPS) of $0.11, compared to the forecasted $0.10. The company also reported a revenue of $180.71 million, exceeding the anticipated $168.25 million. Following these strong results, JPMorgan raised its price target for Xometry to $70 from $55, maintaining an Overweight rating. The firm noted that marketplace revenue growth accelerated to 31% year-over-year, significantly exceeding management’s guidance. Additionally, Xometry has increased its fourth-quarter growth outlook to 25-27%, up from 20-21%. Goldman Sachs also raised its price target for Xometry to $56 from $49, while maintaining a Neutral rating. The firm cited Xometry’s strong marketplace performance and increasing digital transformation penetration as key factors for the revised target. These developments highlight the company’s robust financial performance and positive market trends.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.