Markforged price target lowered to $1.50 from $2 at Lake Street

Lake Street analyst Jacob Stephan lowered the firm’s price target on Markforged to $1.50 from $2 and keeps a Buy rating on the shares. The weaker end market environment has delayed end users purchasing decisions on additive equipment and has pushed orders out to Q4 and 2024, though the current valuation is “extremely attractive given the company’s advanced printer and materials portfolio” and new product cycle story with FX10, the analyst tells investors.