Desktop Metal, Inc. (DM)
NYSE: DM · Real-Time Price · USD
4.420
+0.020 (0.45%)
Nov 22, 2024, 4:00 PM EST - Market closed
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 24.43% from the current stock price of 4.42.
Analyst Consensus: Hold
* 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 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 |
|---|---|---|---|---|---|---|---|
| Cantor Fitzgerald | Cantor Fitzgerald | Buy → Hold Downgrades $13 → $5.5 | Buy → Hold | Downgrades | $13 → $5.5 | +24.43% | Jul 8, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Maintains $1.25 → $13 | Buy | Maintains | $1.25 → $13 | +182.81% | Jun 11, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Initiates $13 | Buy | Initiates | $13 | +182.81% | Feb 28, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $50 | Strong Buy | Reiterates | $50 | +1,031.22% | May 26, 2023 |
| Credit Suisse | Credit Suisse | Hold Maintains $22 → $20 | Hold | Maintains | $22 → $20 | +352.49% | May 11, 2023 |
Financial Forecast
Revenue This Year
191.61M
from 189.70M
Increased by 1.01%
Revenue Next Year
175.10M
from 191.61M
Decreased by -8.62%
EPS This Year
-1.60
from -10.03
EPS Next Year
-0.68
from -1.60
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 199.5M | 178.5M |
| Avg | 191.6M | 175.1M |
| Low | 179.4M | 166.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 5.2% | -6.8% |
| Avg | 1.0% | -8.6% |
| Low | -5.4% | -13.1% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | -1.37 | -0.69 |
| Avg | -1.60 | -0.68 |
| Low | -1.76 | -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.