Cantor Fitzgerald initiated coverage of Markforged with an Overweight rating and $1.45 price target. The analyst says Markforged has a “highly differentiated” product offering with its continuous carbon fiber printers, metal binder jetting, and Digital Forge software platform. The company is generating more sales from production applications than any other polymer-based public competitor, the analyst tells investors in a research note. Cantor believes this production exposure, coupled with new product cycles, pent-up demand entering 2024, an attractive valuation, and a potential acquisition target are reasons to recommend owning the shares at current valuations.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>