Desktop Metal (DM) Stock Forecast, Price Target & Predictions
DM Stock Forecast
Desktop Metal stock forecast is as follows: an average price target of $5.00 (represents a 679.30% upside from DM’s last price of $0.64) and a rating consensus of 'Hold', based on 1 wall street analysts offering a 1-year stock forecast.
DM Price Target
The average price target for Desktop Metal (DM) is $5.00 based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $5.00 to $5.00. This represents a potential 679.30% upside from DM's last price of $0.64.
DM Analyst Ratings
According to 1 Wall Street analysts, Desktop Metal's rating consensus is 'Hold'. The analyst rating breakdown for DM stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 1 'Hold' (100.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Desktop Metal Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jan 12, 2022 | Troy Jensen | Lake Street | $5.00 | $4.53 | 10.38% | 679.30% |
The latest Desktop Metal stock forecast, released on Jan 12, 2022 by Troy Jensen from Lake Street, set a price target of $5.00, which represents a 10.38% increase from the stock price at the time of the forecast ($4.53), and a 679.30% increase from DM last price ($0.64).
Desktop Metal Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $0.64 | $0.64 | $0.64 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of Desktop Metal stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Desktop Metal's last price of $0.64. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jan 12, 2022 | Lake Street | - | Hold | Upgrade |
Desktop Metal's last stock rating was published by Lake Street on Jan 12, 2022. The company Upgrade its DM rating from "null" to "Hold".
Desktop Metal Financial Forecast
Desktop Metal Revenue Forecast
| Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $52.35M | - | - | $41.32M | $60.56M | - | - | $43.71M | $56.68M | $25.44M | $18.98M | $11.31M | $8.37M |
| Avg Forecast | $60.90M | $49.17M | $52.37M | $45.33M | $55.83M | $43.70M | $45.90M | $40.80M | $50.83M | $49.77M | $49.98M | $48.62M | $54.38M | $60.30M | $54.43M | $41.61M | $49.58M | $28.76M | $19.18M | $9.92M | $3.60M |
| High Forecast | $63.36M | $51.16M | $54.49M | $47.17M | $58.09M | $46.87M | $46.37M | $42.45M | $52.89M | $51.79M | $52.00M | $50.58M | $56.58M | $62.74M | $56.64M | $43.48M | $51.81M | $30.05M | $20.04M | $10.37M | $3.76M |
| Low Forecast | $59.57M | $48.10M | $51.23M | $44.35M | $54.62M | $41.97M | $45.67M | $39.91M | $49.73M | $48.69M | $48.89M | $47.56M | $53.20M | $58.99M | $53.25M | $40.56M | $48.32M | $28.03M | $18.69M | $9.67M | $3.51M |
| # Analysts | - | - | - | - | 2 | 3 | 3 | 2 | 1 | 1 | - | - | - | - | - | - | - | - | - | - | - |
| Surprise % | - | - | - | - | - | - | - | - | 1.03% | - | - | 0.85% | 1.11% | - | - | 1.05% | 1.14% | 0.88% | 0.99% | 1.14% | 2.32% |
Desktop Metal's average Quarter revenue forecast for Mar 24 based on 2 analysts is $40.80M, with a low forecast of $39.91M, and a high forecast of $42.45M. DM's average Quarter revenue forecast represents a -22.06% decrease compared to the company's last Quarter revenue of $52.35M (Dec 23).
Desktop Metal EBITDA Forecast
| Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 2 | 3 | 3 | 2 | 1 | 1 | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | $-17.04M | - | - | $-38.88M | $-30.12M | - | - | $-56.56M | $-46.96M | $-61.34M | $-41.81M | $-83.06M | $-24.21M |
| Avg Forecast | $-41.66M | $-33.63M | $-35.82M | $-31.01M | $-38.19M | $-29.89M | $-31.40M | $-27.91M | $-34.77M | $-34.05M | $-34.18M | $-33.25M | $-37.20M | $-59.97M | $-282.98M | $-52.21M | $-33.92M | $-54.52M | $-50.18M | $-168.20M | $-2.46M |
| High Forecast | $-40.75M | $-32.90M | $-35.04M | $-30.33M | $-37.36M | $-28.71M | $-31.24M | $-27.30M | $-34.01M | $-33.30M | $-33.44M | $-32.53M | $-36.39M | $-47.98M | $-226.38M | $-41.77M | $-33.05M | $-43.62M | $-40.14M | $-134.56M | $-2.40M |
| Low Forecast | $-43.34M | $-34.99M | $-37.27M | $-32.26M | $-39.74M | $-32.06M | $-31.72M | $-29.04M | $-36.18M | $-35.42M | $-35.57M | $-34.60M | $-38.70M | $-71.97M | $-339.57M | $-62.66M | $-35.44M | $-65.43M | $-60.21M | $-201.84M | $-2.57M |
| Surprise % | - | - | - | - | - | - | - | - | 0.49% | - | - | 1.17% | 0.81% | - | - | 1.08% | 1.38% | 1.13% | 0.83% | 0.49% | 9.83% |
undefined analysts predict DM's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than Desktop Metal's previous annual EBITDA (undefined) of $NaN.
Desktop Metal Net Income Forecast
| Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 2 | 3 | 3 | 2 | 1 | 1 | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | - | - | - | - | - | - | - | - | $-174.53M | - | - | $-52.64M | $-312.35M | - | - | $-69.94M | $-71.17M | $-66.88M | $-43.18M | $-59.11M | $-25.41M |
| Avg Forecast | $-2.18M | $-8.72M | $-7.63M | $-11.99M | $-6.54M | $-11.99M | $-14.18M | $-19.63M | $-16.36M | $-16.36M | $-17.96M | $-26.55M | $-33.66M | $-65.39M | $-297.27M | $-64.56M | $-28.73M | $-59.45M | $-51.82M | $-119.69M | - |
| High Forecast | $-2.12M | $-8.48M | $-7.42M | $-11.65M | $-6.36M | $-9.00M | $-14.92M | $-19.07M | $-15.89M | $-15.89M | $-17.45M | $-25.80M | $-32.71M | $-52.31M | $-237.82M | $-51.65M | $-27.78M | $-47.56M | $-41.45M | $-95.75M | - |
| Low Forecast | $-2.30M | $-9.18M | $-8.03M | $-12.63M | $-6.89M | $-14.99M | $-17.72M | $-20.66M | $-17.22M | $-17.22M | $-18.91M | $-27.95M | $-35.43M | $-78.47M | $-356.73M | $-77.48M | $-30.41M | $-71.34M | $-62.18M | $-143.63M | - |
| Surprise % | - | - | - | - | - | - | - | - | 10.67% | - | - | 1.98% | 9.28% | - | - | 1.08% | 2.48% | 1.13% | 0.83% | 0.49% | - |
Desktop Metal's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. DM's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).
Desktop Metal SG&A Forecast
| Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 2 | 3 | 3 | 2 | 1 | 1 | - | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | $23.19M | - | - | $27.81M | $32.38M | - | - | $43.55M | $49.65M | $33.06M | $24.04M | $19.30M | $12.87M |
| Avg Forecast | $56.57M | $45.67M | $48.64M | $42.11M | $51.86M | $40.59M | $42.63M | $37.90M | $47.22M | $46.23M | $46.42M | $45.16M | $50.52M | $32.32M | $40.10M | $40.20M | $46.06M | $26.71M | $17.81M | $9.21M | $3.34M |
| High Forecast | $58.86M | $47.52M | $50.61M | $43.81M | $53.96M | $43.53M | $43.07M | $39.43M | $49.13M | $48.10M | $48.30M | $46.98M | $52.56M | $38.79M | $48.12M | $48.24M | $48.12M | $27.91M | $18.61M | $9.63M | $3.49M |
| Low Forecast | $55.34M | $44.67M | $47.58M | $41.19M | $50.73M | $38.99M | $42.42M | $37.07M | $46.19M | $45.23M | $45.41M | $44.17M | $49.42M | $25.86M | $32.08M | $32.16M | $44.89M | $26.04M | $17.36M | $8.98M | $3.26M |
| Surprise % | - | - | - | - | - | - | - | - | 0.49% | - | - | 0.62% | 0.64% | - | - | 1.08% | 1.08% | 1.24% | 1.35% | 2.09% | 3.85% |
Desktop Metal's average Quarter SG&A projection for Mar 24 is $37.90M, based on 2 Wall Street analysts, with a range of $37.07M to $39.43M. The forecast indicates a 63.41% rise compared to DM last annual SG&A of $23.19M (Dec 23).
Desktop Metal EPS Forecast
| Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 2 | 3 | 3 | 2 | 1 | 1 | - | - | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | $-0.54 | - | - | $-0.16 | $-0.99 | - | - | $-0.22 | $-0.27 | $-0.26 | $-0.17 | $-0.25 | $-0.11 |
| Avg Forecast | $-0.01 | $-0.03 | $-0.02 | $-0.04 | $-0.02 | $-0.04 | $-0.04 | $-0.06 | $-0.05 | $-0.05 | $-0.05 | $-0.08 | $-0.10 | $-0.10 | $-0.13 | $-0.13 | $-0.09 | $-0.08 | $-0.10 | $-0.12 | - |
| High Forecast | $-0.01 | $-0.03 | $-0.02 | $-0.04 | $-0.02 | $-0.03 | $-0.05 | $-0.06 | $-0.05 | $-0.05 | $-0.05 | $-0.08 | $-0.10 | $-0.09 | $-0.12 | $-0.12 | $-0.09 | $-0.08 | $-0.09 | $-0.11 | - |
| Low Forecast | $-0.01 | $-0.03 | $-0.02 | $-0.04 | $-0.02 | $-0.05 | $-0.05 | $-0.06 | $-0.05 | $-0.05 | $-0.06 | $-0.09 | $-0.11 | $-0.10 | $-0.13 | $-0.13 | $-0.09 | $-0.09 | $-0.10 | $-0.12 | - |
| Surprise % | - | - | - | - | - | - | - | - | 10.80% | - | - | 1.97% | 9.62% | - | - | 1.75% | 3.06% | 3.10% | 1.78% | 2.16% | - |
According to undefined Wall Street analysts, Desktop Metal's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to DM previous annual EPS of $NaN (undefined).
Desktop Metal Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| DM | Desktop Metal | $0.64 | $5.00 | 681.25% | Hold |
| DDD | 3D Systems | $3.70 | $14.00 | 278.38% | Hold |
| RGTI | Rigetti Computing | $1.16 | $4.00 | 244.83% | Buy |
| MKFG | Markforged | $0.55 | $1.30 | 136.36% | Buy |
| QBTS | D-Wave Quantum | $1.30 | $3.00 | 130.77% | Buy |
| QMCO | Quantum | $0.55 | $1.00 | 81.82% | Hold |
| CRCT | Cricut | $7.05 | $9.50 | 34.75% | Sell |
| IONQ | IonQ | $8.71 | $11.33 | 30.08% | Buy |
| SMCI | Super Micro Computer | $798.50 | $901.43 | 12.89% | Buy |
| HPQ | HP | $29.72 | $32.89 | 10.67% | Buy |
DM Forecast FAQ
Is Desktop Metal a good buy?
No, according to 1 Wall Street analysts, Desktop Metal (DM) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of DM's total ratings.
What is DM's price target?
Desktop Metal (DM) average price target is $5 with a range of $5 to $5, implying a 679.30% from its last price of $0.642. The data is based on 1 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Desktop Metal stock go up soon?
According to Wall Street analysts' prediction for DM stock, the company can go up by 679.30% (from the last price of $0.642 to the average price target of $5), up by 679.30% based on the highest stock price target, and up by 679.30% based on the lowest stock price target.
Can Desktop Metal stock reach $1?
DM's average twelve months analyst stock price target of $5 supports the claim that Desktop Metal can reach $1 in the near future.
What are Desktop Metal's analysts' financial forecasts?
Desktop Metal's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $186.23M (high $193.78M, low $182.17M), average EBITDA is $-127M (high $-125M, low $-133M), average net income is $-52.34M (high $-49.346M, low $-60.259M), average SG&A $172.99M (high $179.99M, low $169.21M), and average EPS is $-0.16 (high $-0.151, low $-0.184). DM's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $207.77M (high $216.17M, low $203.24M), average EBITDA is $-142M (high $-139M, low $-148M), average net income is $-30.532M (high $-29.667M, low $-32.138M), average SG&A $192.99M (high $200.8M, low $188.78M), and average EPS is $-0.0933 (high $-0.0907, low $-0.0982).
Did the DM's actual financial results beat the analysts' financial forecasts?
Based on Desktop Metal's last annual report (Dec 2023), the company's revenue was $189.7M, which missed the average analysts forecast of $199.2M by -4.77%. Apple's EBITDA was $-323M, beating the average prediction of $-136M by 137.22%. The company's net income was $-323M, beating the average estimation of $-77.23M by 318.58%. Apple's SG&A was $106.61M, missing the average forecast of $185.03M by -42.38%. Lastly, the company's EPS was $-1, beating the average prediction of $-0.236 by 323.57%. In terms of the last quarterly report (Dec 2023), Desktop Metal's revenue was $52.35M, beating the average analysts' forecast of $50.83M by 2.98%. The company's EBITDA was $-17.041M, missing the average prediction of $-34.77M by -50.99%. Desktop Metal's net income was $-175M, beating the average estimation of $-16.356M by 967.05%. The company's SG&A was $23.19M, missing the average forecast of $47.22M by -50.88%. Lastly, the company's EPS was $-0.54, beating the average prediction of $-0.05 by 980.00%