As the new year begins, investors have a much greater incentive to find better options in the stock market before the first quarter of 2025 ends. This way, they can ensure that a good, hot quarter will give them the confidence, as well as the capital discretion, to take on “riskier” economic growth moves in subsequent quarters. As this hunt for returns gains momentum, it’s important to remember which stock analysts are starting to recommend.
Xometry today
As of 01/17/2025 16:00 Eastern
- 52 week range
- $11.08
▼
$45.33
- Target price
- $33.33
As it turned out, Goldman Sachs employees decided to attract investors to the manufacturing sector. and energy sectoras they see the potential for rising oil prices, which stands out in the commodity market today. With this new macroeconomic outlook for 2025, other Wall Street analysts must have started digging into these sectors to find the best.
They found the perfect combination of production and energy thanks to promotions Xometry Inc. NASDAQ: XMTR. The company offers manufacturing services for various industries. However, most clients are concentrated in the energy sector, so success in both SPDR fund for selected industrial sectors NYSEARCA:XLI And Select Energy Sector SPDR Fund NEW SIRKA: XLE will lead to Xometry’s future success.
Market view of Xometry
Of all the peers that analysts could choose for this topic, Xometry offered the most favorable risk-reward profile. With the stock now trading at 73% of its 52-week high, the upside potential compared to the implied downside makes it a must-watch for analysts today.
That’s why, from December 2024 to January 2025, bullish analysts at JP Morgan Chase, Wedbush and Royal Bank of Canada decided to bid up these stocks. Wedbush analysts set bold targets with their Outperform rating.
Analysts see a fair valuation of $48 per share for Xometry, implying 44.5% upside from today’s levels. As optimistic as this view may be, analysts aren’t the only ones willing to share their optimism about the company.
Institutional buyers at Geode Capital Management decided to increase their holdings in Xometry shares by 4.3% through November 2024, bringing their net position to a high of $18.3 million today. They were soon followed by Barclays and Franklin Resources, which accumulated a stake of $1.3 million and $731,000.
There must also be a reason why the market is willing to pay a forward price-to-earnings (P/E) ratio of up to 48.9x for this stock, compared to the rest of the industrials sector average of 20.1x. Some may call this expensive, but others will understand that the market will always pay a premium for stocks it believes will outperform in the coming months.
With the recent rise in oil prices, Xometry shareholders are only preparing for this double-digit growth potential to be realized even sooner.
Xometry, Inc. Price Chart (XMTR) on Tuesday, January 21, 2025
Energy Shares: Resonator for Xometry
From here, investors can zoom out a bit to understand what’s happening in the rest of the energy sector and gain a sounding board and support for the bull case for Xometry stock. First of all, Warren Buffett decided to continue accumulating Occidental Petroleum Co. New York Stock Exchange: OXYwhat volumes should tell investors.
In addition, hedge funds began investing in crude oil futures earlier in the year, and a second round of institutional and smart money buyers headed into the sector. Even Paul Tudor Jones, another hedge fund manager, said in a recent CNBC interview that oil is incredibly undervalued.
Here are two stocks investors can check individually for more indicators of energy sentiment. Starting from Chevron company. New York Stock Exchange: CVX With the international player leading the pack at more than 93% of its 52-week high, UBS Group analysts now see a valuation of $195 per share, up 20.7% from where it’s trading today.
Wall Street’s price action and outlook are bullish in this regard. As for the drilling location, it is higher up in the value chain. Transocean LLC. NYSE: INSTALLATION shows investors that the oil demand curve may shift to the right.
This company has clear bullish upside potential of up to 100% in the coming quarters, and analysts and institutional buyers agree. Overall, the stage is set for Xometry to prove these analysts right and deliver the strong first quarter investors have been waiting for.
Before you consider Xometry, you should hear this.
MarketBeat tracks Wall Street’s top-rated and best-performing analysts daily and the stocks they recommend to their clients. MarketBeat identified five stocks that top analysts were quietly telling their clients to buy now, before the broader market caught on… and Xometry wasn’t on the list.
While Xometry currently has a Moderate Buy rating among analysts, the top-rated analysts think these five stocks are Strong Buys.
View five stocks here
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