Xometry rises as Craig Hallum starts with 'buy'

Xometry

31/01/2023 15:21

** Shares of AI-powered manufacturer Xometry Inc  XMTR.O 
rise ~3% to $33.65
    ** Craig Hallum initiates coverage for XMTR with "buy"
rating; sets $48 PT, which implies an upside of ~47% to stock's
last close 
    ** "Our bull case suggests a $100 stock in two years" -
Craig Hallum 
    ** Adds that investors are underappreciating the co's 
monetization potential in manufacturing marketplace
    ** Brokerage notes co's gross margins have continued to
exceed expectations in recent quarters with an improving "price
algorithm"
    ** Stock up ~5% YTD
 (Reporting by Anirban Chakroborti in Bengaluru)
 ((Anirban.Chakroborti@thomsonreuters.com;))