Markforged price target lowered to $2 from $2.15 at Lake Street

Lake Street lowered the firm’s price target on Markforged to $2 from $2.15 and keeps a Buy rating on the shares after the company reported preliminary Q3 revenue below the Street and revised its full-year guidance lower. While near term headwinds have persisted, the firm believes the additive industry is gaining acceptance in production applications, which it says “bodes well for Markforged.”