Nano Dimension rated buy with 22% upside as Markforged integration boosts revenue and narrows losses

Nano Dimension (NNDM) is rated a buy with a $2.03 price target, offering about 22% upside driven by the integration of Markforged, which significantly increased its FY 2025 revenue by 142% year-over-year to $35.3 million. Despite this surge, organic growth remains flat and the company is still operating at a loss. For FY 2026, NNDM expects revenue between $130 million and $140 million and aims to reduce adjusted EBITDA losses to $40–$50 million, showing progress toward profitability. Key risks include challenges in integrating Markforged, ongoing cash burn, and geopolitical instability in Israel, which could affect the company’s valuation and risk of delisting.