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The Analyst Verdict: Xometry In The Eyes Of 4 Experts

Author: Benzinga Insights | March 01, 2024 10:01am

Throughout the last three months, 4 analysts have evaluated Xometry (NASDAQ:XMTR), offering a diverse set of opinions from bullish to bearish.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 3 1 0 0 0
Last 30D 1 0 0 0 0
1M Ago 0 0 0 0 0
2M Ago 2 1 0 0 0
3M Ago 0 0 0 0 0

Analysts have set 12-month price targets for Xometry, revealing an average target of $40.5, a high estimate of $46.00, and a low estimate of $28.00. This upward trend is apparent, with the current average reflecting a 24.62% increase from the previous average price target of $32.50.

price target chart

Investigating Analyst Ratings: An Elaborate Study

A comprehensive examination of how financial experts perceive Xometry is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Bruno Montanari Goldman Sachs Lowers Buy $28.00 $46.00
Bruno Montanari Goldman Sachs Raises Buy $46.00 $29.00
Bruno Montanari Goldman Sachs Raises Buy $46.00 $29.00
Nicholas Jones JMP Securities Raises Market Outperform $42.00 $26.00

Key Insights:

  • Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Xometry. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Xometry compared to the broader market.
  • Price Targets: Understanding forecasts, analysts offer estimates for Xometry's future value. Examining the current and prior targets provides insight into analysts' changing expectations.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Xometry's market standing. Stay informed and make data-driven decisions with our Ratings Table.

Stay up to date on Xometry analyst ratings.

If you are interested in following small-cap stock news and performance you can start by tracking it here.

Unveiling the Story Behind Xometry

Xometry Inc is engaged in providing AI-enabled manufacturing equipment. Its buyers include engineers, product designers, procurement and supply chain personnel, inventors, and business owners. The manufacturing processes offered by the company include CNC Machining, Injection Molding, Urethane Casting, 3D Printing, and Die Casting. The company is organized into two segments referred to as: (1) the U.S. and (2) International. The majority of the revenue is earned from the U.S. segment.

Xometry: Delving into Financials

Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.

Revenue Growth: Xometry displayed positive results in 3 months. As of 30 September, 2023, the company achieved a solid revenue growth rate of approximately 14.83%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: Xometry's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -10.11%, the company may face hurdles in effective cost management.

Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -3.55%, the company may need to address challenges in generating satisfactory returns for shareholders.

Return on Assets (ROA): Xometry's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -1.71%, the company may encounter challenges in delivering satisfactory returns from its assets.

Debt Management: With a below-average debt-to-equity ratio of 0.9, Xometry adopts a prudent financial strategy, indicating a balanced approach to debt management.

Understanding the Relevance of Analyst Ratings

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: XMTR

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