Wedbush has revised its price target for Xometry (XMTR, Financial), lowering it from $40 to $26, while maintaining an Outperform rating. This adjustment comes as part of a broader preview of the internet sector for the first quarter. The firm cites growing concerns about the economy, which include ongoing macroeconomic challenges, potential tariff effects, and declining consumer confidence both in the United States and globally.
The analyst notes that there is limited visibility regarding the current economic situation, which has led to a reduction in estimates and price targets for 2025. This reevaluation reflects a cautious approach due to the potential impact of subdued demand in the market. Wedbush plans to seek further insights from company management in the coming weeks to enhance its understanding amid what it describes as a "dense fog" of economic uncertainty.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Xometry Inc (XMTR, Financial) is $34.10 with a high estimate of $45.00 and a low estimate of $20.00. The average target implies an upside of 58.68% from the current price of $21.49. More detailed estimate data can be found on the Xometry Inc (XMTR) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Xometry Inc's (XMTR, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Xometry Inc (XMTR, Financial) in one year is $38.94, suggesting a upside of 81.2% from the current price of $21.49. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Xometry Inc (XMTR) Summary page.
