Markforged price target lowered to 85c from $1.30 at Cantor Fitzgerald

Cantor Fitzgerald analyst Troy Jensen lowered the firm’s price target on Markforged to 85c from $1.30 and keeps an Overweight rating on the shares. Markforged’s Q2 results were largely in line with the firm’s and management expectations, reflecting macro headwinds and system demand, the analyst tells investors in a research note. Cantor sees sustained struggles with macro weakness being offset by new product cycles which should re-accelerate growth at Markforged in 2H24 and beyond.