Velo3D Inc (NASDAQ:VELO) on Tuesday reported mixed financial results for the third quarter.
Velo3D reported third-quarter revenue of $20.45 million, beating analyst estimates of $19.34 million, according to Benzinga Pro. The company posted a third-quarter adjusted loss of 34 cents per share, missing analyst estimates for a loss of 26 cents per share.
"These results reflect continued customer demand for our metal additive manufacturing technology and the progress we are making in executing our growth strategy," said Arun Jeldi, CEO of Velo3D.
Velo3D affirmed expectations for full-year 2026 revenue of $65 million to $75 million versus estimates of $72.50 million.
Velo3D shares fell 4.1% to $5.79 in pre-market trading.
These analysts made changes to their price targets on Velo3D following earnings announcement.
- Needham analyst Austin Bohlig maintained the stock with a Buy and lowered the price target from $33 to $12.
- Cantor Fitzgerald analyst Troy Jensen maintained the stock with an Overweight rating and cut the price target from $17 to $12.
Considering buying VELO stock? Here’s what analysts think:
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