Xometry Shares Rise After Wedbush Initiates Coverage With Outperform Rating

MT Newswires Live

2024/12/21

Xometry (XMTR) shares were up more than 12% in recent Friday trading after Wedbush Securities initiated coverage of the company with an outperform rating and a price target of $48.

Wedbush said in a note Friday that Xometry is "well-positioned" to capture market share within the global custom manufacturing industry, with a multi-year runway of relatively high growth compared to digital marketplace peers.

Xometry's trading volume stood at over 591,000 shares against a daily average of about 519,000.

Price: 41.04, Change: +4.44, Percent Change: +12.13

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