Brokerages cut Fathom Digital PT on prolonged sales cycles

Fathom Digital Manufacturing

16/08/2022 12:36

** Craig-Hallum and Needham cut their PT for Fathom Digital
Manufacturing Corp  FATH.N  to $6 from $9 after company lowered
its FY outlook 
    ** Craig-Hallum says FATH expects delay in purchasing
activity, leading to elongated sales cycles limiting near-term
growth
    ** FATH, which offer advanced manufacturing and prototyping
services, on Monday lowered FY rev forecast, hurt by challenges
in broader economy  urn:newsml:reuters.com:*:nL4N2ZR361
    ** However, the two brokerages maintain "buy" rating on
hopes in the long-term opportunity of the company
    ** Up to Monday's close, FATH shares had fallen 52% YTD

 (Reporting by Priyamvada C in Bengaluru)
 ((Priyamvada.c@thomsonreuters.com))