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After Velo3D's third-quarter report, analysts cut their price targets due to a bigger loss than expected.

ResultsRead the original at Benzinga
Neutral

Velo3D's sales beat estimates and it kept its yearly sales range, but its adjusted loss exceeded estimates. These mixed results do not clearly change the company's outlook.

VELO · Velo3D Inc

AI read · Neutral

The AI's read

Sales above estimates and the CEO's report of continued customer demand support the business. The larger adjusted loss points the other way. Two analysts cut their targets, but the company kept its yearly sales range. These facts leave the company's outlook mixed.

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