Xometry (XMTR) Stock Forecast & Price Target

Xometry Inc. reported a 20% year-over-year increase in marketplace revenue, reaching $134.5 million, alongside a record gross profit margin of 34.5%, which reflects a significant improvement from 23.5% over the past three years. The company also experienced a remarkable 42% year-over-year growth in international revenue, highlighting the strong expansion in key markets such as Europe and Asia Pacific, which are expected to become substantial contributors to overall revenue. Furthermore, revenue from accounts with annual spending of at least $500,000 saw an increase of over 40% year-over-year in 2024, suggesting robust demand and strong customer retention that supports a positive outlook for future growth.

Xometry's stock is facing a negative outlook due to declining marketplace revenue per active buyer, which fell 3% year-over-year, raising concerns about the company's growth trajectory despite a slight sequential improvement. The management's guidance for 2025 indicates that supplier services revenue is expected to decrease by approximately 5-10% year-over-year, further compounding worries about overall revenue stability. Additionally, the company has issued disappointing 1Q25 revenue guidance, leading to a downward revision of its 2026 revenue estimates from $744.4 million to $736.1 million, which highlights potential challenges ahead.