Desktop Metal (DM) Stock Forecast, Price Target & Predictions
DM Stock Forecast
Desktop Metal (DM) stock forecast, based on 10 Wall Street analysts, predicts a 12-month average price target of $5.25, with a high of $5.50 and a low of $5.00. This represents a 5.85% increase from the last price of $4.96.
DM Stock Rating
Desktop Metal stock's rating consensus is Hold, based on 10 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 3 Buy (30.00%), 6 Hold (60.00%), 1 Sell (10.00%), and 0 Strong Sell (0.00%).
Hold
DM Price Target Upside V Benchmarks
| Type | Name | Upside |
|---|---|---|
| Stock | Desktop Metal | 5.85% |
| Sector | Technology Stocks | 13.02% |
Price Target Trends
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $4.96 | $4.96 | $4.96 |
| Upside/Downside | - | - | - |
Ratings Trends
| Date | Strong Buy | Buy | Hold | Sell | Strong Sell | Total |
|---|---|---|---|---|---|---|
| Apr, 25 | - | - | 1 | - | - | 1 |
| Mar, 25 | - | - | 1 | - | - | 1 |
| Feb, 25 | - | - | 1 | - | - | 1 |
| Jan, 25 | - | - | 2 | - | - | 2 |
| Dec, 24 | - | - | 2 | - | - | 2 |
Analyst Price Target Forecasts
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 08, 2024 | Troy Jensen | Cantor Fitzgerald | $5.50 | $5.03 | 9.34% | 10.89% |
| Jun 11, 2024 | Troy Jensen | Cantor Fitzgerald | $6.25 | $2.33 | 168.24% | 26.01% |
| Jan 12, 2022 | Troy Jensen | Lake Street | $5.00 | $4.53 | 10.38% | 0.81% |
Analyst Rating Forecasts
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 08, 2024 | Cantor Fitzgerald | Overweight | Neutral | downgrade |
| Jun 11, 2024 | Cantor Fitzgerald | Overweight | Overweight | hold |
| Jan 12, 2022 | Lake Street | Hold | upgrade |
Financial Forecast
EPS Forecast
Annual
| Dec 20 | Dec 21 | Dec 22 | Dec 23 | Dec 24 | Dec 25 | |
|---|---|---|---|---|---|---|
| Reported | $-5.73 | $-9.22 | $-23.52 | $-10.03 | - | - |
| Avg Forecast | $-4.13 | $-3.00 | $-4.90 | $-2.77 | $-1.81 | $-0.66 |
| High Forecast | $-4.13 | $-3.00 | $-4.64 | $-2.77 | $-1.81 | $-0.66 |
| Low Forecast | $-4.13 | $-3.00 | $-5.15 | $-2.77 | $-1.81 | $-0.66 |
| Surprise % | 38.74% | 207.33% | 380.00% | 262.09% | - | - |
Revenue Forecast
Annual
| Dec 20 | Dec 21 | Dec 22 | Dec 23 | Dec 24 | Dec 25 | |
|---|---|---|---|---|---|---|
| Reported | $16.47M | $112.41M | $209.02M | $189.70M | - | - |
| Avg Forecast | $18.14M | $105.38M | $203.17M | $188.20M | $160.00M | $170.00M |
| High Forecast | $18.14M | $105.38M | $211.44M | $188.47M | $160.00M | $170.00M |
| Low Forecast | $18.14M | $105.38M | $194.90M | $187.92M | $160.00M | $170.00M |
| Surprise % | -9.19% | 6.67% | 2.88% | 0.80% | - | - |
Net Income Forecast
Annual
| Dec 20 | Dec 21 | Dec 22 | Dec 23 | Dec 24 | Dec 25 | |
|---|---|---|---|---|---|---|
| Reported | $-90.43M | $-240.33M | $-740.34M | $-323.27M | - | - |
| Avg Forecast | $-133.17M | $-96.66M | $-157.73M | $-89.14M | $-58.32M | $-21.26M |
| High Forecast | $-133.17M | $-96.66M | $-149.39M | $-89.14M | $-58.32M | $-21.26M |
| Low Forecast | $-133.17M | $-96.66M | $-166.08M | $-89.14M | $-58.32M | $-21.26M |
| Surprise % | -32.09% | 148.64% | 369.37% | 262.65% | - | - |