Citi analyst Ronald Josey lowered the firm’s price target on Xometry to $31 from $40 and keeps a Buy rating on the shares. The company reported mixed Q4 results and given softer January orders, Q1 and 2024 guidance came in below consensus expectations, the analyst tells investors in a research note. However, the firm says trends improved in February and management now expects to generate positive EBITDA in Q3, suggesting some conservatism in the outlook.
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