Needham reiterated its Buy rating for Velo3D on August 12, 2026.

The investment firm maintained a price target of $33.00 per share.

This decision follows Velo3Dā€™s second-quarter financial results released on August 11.

The company reported a 52.3% year-over-year revenue increase.

Management also raised its full-year 2026 revenue guidance.

The analyst cited confidence in the company's market position within the additive manufacturing industry.