Xometry CEO Forecasts 2026 AI-Driven Reshoring to Boost U.S. Manufacturing Productivity
Randy Altschuler says 2026 will be the year AI reshapes U.S. manufacturing, driving reshoring and boosting productivity. He predicts this transition will shift industry focus from headcount to skills development and AI-powered workflows.
1. Analyst Ratings and Price Objectives
Xometry has garnered coverage from ten brokerages, producing an average recommendation of Hold. Among these, one analyst recommends Sell, four recommend Hold and five recommend Buy. The mean 12-month price objective stands at $57.89. On November 5th, Citizens JMP raised its target from $65 to $75 and reiterated a Market Outperform rating. Cantor Fitzgerald lifted its target from $41 to $60 with a Neutral rating, while JMP Securities set a $75 target. Wedbush increased its target from $48 to $70 alongside an Outperform rating, and JPMorgan Chase & Co. boosted its target from $55 to $70 with an Overweight rating.
2. Insider Selling Activity
CFO James Miln sold 599 shares at an average of $62.11 per share on November 7th, realizing proceeds of $37,203.89 and reducing his holding to 141,796 shares. On November 19th, Subir Dutt disposed of 2,075 shares at $60.00 each for $124,500, lowering his stake to 71,348 shares. Over the past 90 days, insiders have sold 12,005 shares totaling $631,147, representing 9.66% of outstanding insider ownership. These filings were disclosed via SEC submissions.
3. Institutional Investor Movements
During Q2, Hood River Capital Management increased its position by 29.7%, acquiring 92,741 additional shares to reach 404,853 shares valued at $13.68 million. Squarepoint Ops added 46,502 shares (a 33.9% increase), resulting in a 183,799-share holding worth $6.21 million. New stakes were established by LVW Advisors (worth $388,000), Sheets Smith Investment Management ($347,000 in Q1) and Zweig DiMenna Associates ($1.61 million). Institutional investors now hold 97.31% of the company’s shares.
4. Recent Financial Performance
In the quarter ended November 4th, Xometry reported revenue of $180.72 million, surpassing consensus by 7.4% and marking a 27.5% year-over-year increase. GAAP EPS was $0.11, in line with expectations and up from $0.02 a year earlier. The company recorded a negative net margin of 9.8% and a return on equity of -6.6%. Analysts project a full-year EPS loss of approximately $0.66. The firm maintains strong liquidity ratios, with a quick ratio of 3.58 and a current ratio of 3.62, and carries a debt-to-equity ratio of 1.20.