The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell".
The average consensus recommendation for the electronic equipment & parts peer group is "buy".
Wall Street's median 12-month price target for Velo3D Inc is $20.00, about 54.4% above its August 10 closing price of $12.95.
Drivers behind the results
Higher selling prices and product mix - Co said revenue growth was driven by increased average selling prices, favorable product mix, and higher production volume.
Manufacturing efficiencies - Gross margin improvement reflected manufacturing efficiencies and refined allocation of labor and overhead costs.
Capacity expansion - Launch of Livermore Production Campus expected to triple manufacturing capacity and support accelerating demand.
Q2 revenue beats estimates
US metal 3D printer maker's preliminary Q2 revenue rose 52% yr/yr, beating analyst expectations.
Adjusted net loss for Q2 missed analyst expectations.
Company raised 2026 revenue guidance to $65 mln-$75 mln, citing strong demand and capacity expansion.
VLD•
