Lake Street analyst Troy Jensen lowered the firm’s price target on Materialise to $14 from $19 and keeps a Buy rating on the shares after the company beat the firm’s revenue estimates, but fell short of expectations on profitability. While the firm continues to believe global supply chain disruptions have been a near-term catalyst for additive manufacturing service bureaus like Materialise, it has lowered its profitability assumptions due to inflationary pressure and elevated investments in software.
Published first on TheFly
