Velo3D, Inc. (NASDAQ:VELO) is one of the best oversold growth stocks to invest in now. Lake Street lifted the price target on Velo3D, Inc. (NASDAQ:VELO) to $20 from $18 on May 13, reaffirming a Buy rating on the shares. The rating update came after the company released its fiscal Q1 2026 financial results on May 12, with the firm contending that a “strong print should give investors confidence in the expected ramp this year”.
An executive overlooking a modern technology facility, emphasizing the cutting-edge solutions the company provides.
In its financial results for the quarter, Velo3D, Inc. (NASDAQ:VELO) reported a revenue of $13.8 million, up 48% year-over-year, with a gross margin of 17.2%. Management reported that the 3D Printer and parts revenue rose 60% compared to the prior year period, attributed to an increase in the average selling price, number of systems sold, and an increase in RPS revenues. The company also reaffirmed its outlook for 2026 revenue between $60 million and $70 million and to turn EBITDA positive in the second half of 2026.
Velo3D, Inc. (NASDAQ:VELO) is a technology company involved in the development and manufacturing of metal laser sintering printing machines for 3D printing. The company’s products include assure system, Flow Software, Sapphire Printer, & sapphire XC.
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