Xometry, Inc. (NASDAQ: XMTR) received a Neutral rating from Goldman Sachs analyst Bruno Montanari on October 16, 2025, signaling cautious investor sentiment toward the on-demand manufacturing platform. The rating carries a price target of $49, closely aligned with the current share price near $48.69, reflecting tempered expectations for near-term upside despite a strong recent rally. For investors, this nuanced stance suggests a balance between the stock’s robust momentum and valuation concerns amid ongoing volatility.
Recent Price Action Reflects Investor Ambivalence
In the last trading sessions, XMTR has experienced a noticeable dip, shedding nearly 6% and closing at $48.69. Trading volume remains moderate, with around 509,000 shares changing hands—below its three-month average of approximately 815,000. The stock’s beta of 0.887 implies slightly lower volatility than the broader market, though the recent downward price movement indicates some investor uncertainty. Notably, XMTR trades 16% below its 52-week high but remains dramatically above its 52-week low, evidencing a stock that has already run hard but now faces profit-taking or valuation reassessment pressures.
Historical Performance Highlights Rapid Growth and Recent Pullback
A broader look at Xometry’s returns demonstrates a compelling growth story laced with recent moderation. Over the past year, XMTR has skyrocketed approximately 180%, fueled by the expanding adoption of digital manufacturing solutions and accelerated customer traction. The last quarter reinforced this trend with an impressive 38% rally, though the past month tempered enthusiasm by retracing nearly 5% amid broader market rotation.
Volatility metrics tell a similar story: weekly volatility rests close to 5%, with monthly volatility just under that figure, signaling consistent price swings in an otherwise steady uptrend. Trading volumes over the last ten days and three months both average between 580,000 and 815,000 shares, reflecting sustained, if not peak, investor interest.
Earnings Surpass Estimates, But Consistency Remains in Question
Xometry’s latest quarterly earnings report, released August 5, 2025, featured an EPS of $0.09, significantly exceeding the consensus estimate of $0.05 by 80%. This impressive surprise potentially validates the company’s revenue and margin expansion strategy and underscores management’s ability to execute in a competitive landscape.
However, the prior quarter’s EPS fell short at $0.02 versus an estimate of roughly $0.048, revealing some volatility in earnings performance that investors must weigh carefully. Such swings underline the challenges Xometry faces in managing scale-up costs and variable customer demand, aspects that could temper future profitability despite solid top-line growth.
Consensus View Reflects Divided Yet Constructive Sentiment
Over the past 90 days, Xometry’s consensus rating has stabilized around a balanced mix of buys and holds: among four total analyst ratings, two are Buy, two Hold, and none Sell. Goldman Sachs’ Neutral call fits neatly into this equilibrium, favoring a cautious stance.
The average price target stands at $45.25, several dollars shy of Montanari’s relatively optimistic $49, with highest and lowest targets spanning $50 and $40 respectively. This range suggests analysts recognize both the stock’s considerable upside potential and the risks posed by valuation and execution uncertainties.
Stocks Telegraph Grade Suggests Moderate Strength Amid Challenges
Xometry’s Stocks Telegraph (ST) Grading Score is 52, a middling rating indicating average fundamental and market metrics relative to its peer group. This score reflects sound underlying business attributes but also flags that the company may be contending with structural or operational challenges dampening conviction for a stronger grade. For investors, it signals a stock with tangible strengths but also a need for monitoring evolving fundamentals closely.
Conclusion: Balanced Opportunity for Growth-Oriented, Risk-Tolerant Investors
Xometry’s trajectory remains compelling for investors focused on disruptive innovators in manufacturing technology and digital supply chains. The stock’s substantial price appreciation over the past year and earnings upside demonstrate a growth story that is very much intact. However, the recent Neutral rating from Goldman Sachs, combined with moderate volatility, mixed earnings results, and a midrange ST score, indicate that near-term risks cannot be ignored.
Investors with a higher risk tolerance and a long-term horizon may find XMTR suited for portfolio exposure to structural themes like on-demand production and industrial digitization. Conversely, those with a lower risk appetite should approach cautiously, mindful of valuation pressures and potential execution volatility.
In an environment marked by shifting investor preferences and macroeconomic uncertainties, Xometry stands out as a name worth watching—balancing impressive past gains with the challenge of delivering consistent profitability while sustaining momentum.
