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Xometry gets the spotlight
Wall Street woke up in a mood on Thursday, and Xometry got one of the better mood swings. Cantor Fitzgerald’s Troy Jensen upgraded the stock from Neutral to Overweight and set a $62 price target, implying a chunky upside from Wednesday’s close at $45.29.
Why you should care
Analyst upgrades don’t magically fix a business, but they can absolutely change the vibe around a stock. In Xometry’s case, a fresh bullish call can help keep momentum traders interested and give longer-term investors a new data point to chew on.
Not the only name in the room
This article was really a three-for-one special on analyst action:
- Blackbaud got upgraded by Baird from Neutral to Outperform, though the price target was cut to $50 from $60.
- Everus Construction Group was upgraded by Guggenheim from Neutral to Buy with a $160 target.
- Xometry, though, was the one with the cleanest “hey, we like this now” message.
Big picture
If you’re tracking sentiment, this is the kind of tape that can matter even more than the headline numbers. One bullish call won’t rewrite the story, but it can help a stock like Xometry get a little extra oxygen when the market’s looking for a reason to care.