William Blair analyst Brian Drab has maintained their bullish stance on XMTR stock, giving a Buy rating yesterday.
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Brian Drab has given his Buy rating due to a combination of factors including Xometry’s impressive financial performance in the recent quarter. The company has surpassed expectations in both revenue and earnings, achieving record levels in total revenue, marketplace gross margin, and adjusted EBITDA.
The marketplace revenue saw a significant increase of 31%, and the marketplace gross margin reached 35.7%, indicating strong operational efficiency. Additionally, the active buyer count grew by 21% compared to the previous year, showcasing robust demand and customer engagement. Despite a slight sequential decline in incremental EBITDA margin, the year-to-date figure aligns with the company’s guidance, reinforcing confidence in its financial health. The quarter marked the most profitable period in Xometry’s history, with a solid positive EBITDA of $6 million, further justifying the Buy rating.
According to TipRanks, Drab is a 5-star analyst with an average return of 22.6% and a 68.18% success rate. Drab covers the Industrials sector, focusing on stocks such as Xometry, Thermon Group Holdings, and Donaldson Company.