Xometry: Goldman Sachs maintains Buy, raises PT to $42 from $33.

Xometry: Goldman Sachs maintains Buy, raises PT to $42 from $33.

Goldman Sachs analysts have maintained their Buy rating on Xometry Inc. (XMTR), while raising their price target to $42 from $33. The move reflects the investment bank's confidence in the company's strong earnings performance and robust growth prospects.

Xometry reported a solid second quarter of 2025, delivering earnings per share (EPS) of $0.09, which was more than double the forecasted $0.0439, representing a 105.01% surprise [1]. Revenue also outperformed expectations, reaching $163 million against a forecast of $156.49 million, marking a 3.87% surprise. The company's stock price surged by 44.12% in pre-market trading, closing at $38.66.

Goldman Sachs highlighted the company's ability to expand its global manufacturing network and improve its sales and marketing efficiency, contributing to its strong competitive position in the fragmented custom manufacturing market. The investment bank also noted Xometry's continued investment in AI and technology, which has driven significant improvements in its operating leverage.

The analysts expect Xometry to maintain its strong growth trajectory, with revenue growth projected to be over 20% for the full year 2025. They also anticipate continued gross margin expansion and an incremental adjusted EBITDA margin of 21% for the third quarter of 2025.

While Goldman Sachs maintains a positive outlook on Xometry, they also acknowledge the potential risks, including supply chain issues, macroeconomic pressures, market saturation, technology integration, and regulatory changes. However, the analysts believe that Xometry's strong competitive position and robust growth prospects outweigh these risks.

References:
[1] https://www.investing.com/news/transcripts/earnings-call-transcript-xometry-q2-2025-earnings-soar-stock-jumps-44-93CH-4170762