• Velo3D shares are up 6.1% today, trading at $14.62, following Cantor Fitzgerald's initiation of coverage with an Overweight rating and a $17.00 price target.
  • This positive analyst sentiment comes after a recent sharp selloff in late June and early July, with the stock appearing to stabilize.
  • Cantor Fitzgerald noted Velo3D is positioned to benefit from growth in the aerospace and defense market, despite acknowledging profitability goals and leverage assumptions.