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Xometry Inc (NASDAQ:XMTR), a company with a market capitalization of $2.47 billion, reached a significant milestone as its stock hit a 52-week high of $48.64. According to InvestingPro data, analysts have set price targets ranging from $40 to $55 for the stock. This achievement reflects a robust performance over the past year, with the company’s stock price surging by an impressive 143.44%. The upward trajectory of Xometry’s stock underscores investor confidence and the company’s strong market position, supported by 20.19% revenue growth and a healthy current ratio of 3.91. This 52-week high is a testament to Xometry’s growth and resilience in a competitive industry, marking a noteworthy moment for the company and its stakeholders. InvestingPro subscribers have access to 13 additional investment tips and comprehensive analysis for XMTR, including detailed valuation metrics and growth forecasts.
In other recent news, Xometry Inc. delivered impressive second-quarter results, significantly surpassing earnings expectations. The company reported an earnings per share of $0.09, more than double the forecast of $0.0439, and revenue reached $163 million, exceeding the forecast of $156.49 million. This performance has led several analyst firms to adjust their price targets for Xometry. UBS raised its price target to $40 from $35, maintaining a Neutral rating, while Citizens JMP increased its target to $50 from $45, with a Market Outperform rating. JPMorgan also raised its price target to $55 from $38, citing strong marketplace growth and maintaining an Overweight rating. Analysts noted the company’s revenue and EBITDA exceeded expectations, with marketplace revenue growth of 26% year-over-year. Xometry’s strong performance was attributed to broad-based strength across U.S. enterprises, international markets, and verticals. These developments have drawn positive attention from the investment community.
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