Xometry price target lowered to $23 from $38 at RBC Capital

RBC Capital analyst Matthew Hedberg lowered the firm’s price target on Xometry to $23 from $38 and keeps a Sector Perform rating on the shares. The company’s Q4 results saw 42% marketplace revenue growth, though its EBTDA fell short of expectations and its guidance was “disappointing”, assuming continued softness with no improvement baked in, the analyst tells investors in a research note.