Xometry price target lowered to $23 from $25 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on Xometry to $23 from $25 and keeps a Buy rating on the shares following the quarterly results. The 35% decline on Thursday was way overdone and a byproduct of soft guidance and profitability pushouts, the analyst tells investors in a research note. The firm views guidance as overly conservative, which puts Xometry in a place to beat and raise throughout the year.