Desktop Metal Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for Desktop Metal stock has a target of 5.50, which predicts an increase of 130.13% from the current stock price of 2.39.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$5.50	$5.50	$5.50	$5.50
Change	+130.13%	+130.13%	+130.13%	+130.13%

* Price targets were last updated on Jul 8, 2024.

Analyst Ratings

According to 1 stock analyst, the rating for Desktop Metal is "Hold". This means that the analyst believes this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	1	1	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	1	1	1	1	1	1

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Troy Jensen Cantor Fitzgerald	Cantor Fitzgerald	Buy → Hold Downgrades $13 → $5.5	Buy → Hold	Downgrades	$13 → $5.5	+130.13%	Jul 8, 2024
Troy Jensen Cantor Fitzgerald	Cantor Fitzgerald	Buy Maintains $1.25 → $13	Buy	Maintains	$1.25 → $13	+423.01%	Jun 11, 2024
Troy Jensen Cantor Fitzgerald	Cantor Fitzgerald	Buy Initiates $13	Buy	Initiates	$13	+423.01%	Feb 28, 2024
Josh Sullivan Benchmark	Benchmark	Strong Buy Reiterates $50	Strong Buy	Reiterates	$50	+1,992.05%	May 26, 2023
Shannon Cross Credit Suisse	Credit Suisse	Hold Maintains $22 → $20	Hold	Maintains	$22 → $20	+736.82%	May 11, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

164.80M

from 189.70M

-13.13%

from 189.70M

Revenue Next Year

175.10M

from 164.80M

6.25%

from 164.80M

EPS This Year

-1.86

from -10.03

EPS Next Year

-0.68

from -1.86

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025
Revenue	26.44M	16.47M	112.41M	209.02M	189.70M	164.80M	175.10M
Revenue Growth	2,456.96%	-37.71%	582.50%	85.95%	-9.25%	-13.13%	6.25%
EPS	-6.91	-2.15	-9.22	-23.52	-10.03	-1.86	-0.68
EPS Growth	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	5	5

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025
High	168.0M	178.5M
Avg	164.8M	175.1M
Low	156.8M	166.6M

Revenue Growth

Revenue Growth	2024	2025
High	-11.4%	8.3%
Avg	-13.1%	6.3%
Low	-17.3%	1.1%

EPS Forecast

EPS	2024	2025
High	-1.90	-0.69
Avg	-1.86	-0.68
Low	-1.77	-0.65

EPS Growth

EPS Growth	2024	2025
High	-	-
Avg	-	-
Low	-	-

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.