Loop Capital Sees 30% Upside In Xometry - Read Why

• Loop Capital analyst Scott Graham initiated coverage of Xometry Inc (NASDAQ:XMTR) with a Buy rating and a $50 price target, implying a 30% upside.
• The analyst noted Xometry’s revenue growth is driven by core buyers increasing the platform use and attracting new buyers at various organizations.
• Graham is optimistic about the company’s revenue streams and expects the revenue growth to continue.
• In March, Xometry reported $67.10 million in Q4 sales, beating the consensus of $63.28 million.
• The company sees Q1 sales of $81 million - $82 million versus the consensus of $81.82 million.
• Price Action: XMTR shares are trading higher by 6.46% at $38.25 on the last check Wednesday.