JPMorgan has adjusted its price target for Xometry (XMTR, Financial), lowering it from $45 to $30, while maintaining an Overweight rating on the stock. This move comes as the firm revises its forecasts in anticipation of Q1 earnings.
In light of economic and tariff uncertainties, JPMorgan has reevaluated its estimates and price targets for various small and mid-cap internet and video game companies. The adjustments include revenue estimate reductions of up to 5%, with the most significant changes affecting those companies directly impacted by tariff and macroeconomic risks.
JPMorgan's decision reflects broader market conditions and the potential challenges companies like Xometry may face in the near future. Investors are advised to consider these factors as they assess their positions in the market.
