Desktop Metal, Inc. (DM)
NYSE: DM · IEX Real-Time Price · USD
4.130
-0.160 (-3.73%)
At close: Jun 28, 2024, 4:00 PM
4.500
+0.370 (8.96%)
Pre-market: Jul 1, 2024, 4:00 AM EDT
Desktop Metal Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for Desktop Metal stock has a target of 12.5, which predicts an increase of 202.66% from the current stock price of 4.13.
Analyst Consensus: Buy
Analyst Ratings
According to 1 stock analyst, the rating for Desktop Metal is "Buy". This means that the analyst believes this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 0 |
| Buy | 1 | 2 | 2 | 2 | 2 | 1 |
| Hold | 3 | 1 | 1 | 1 | 1 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 4 | 4 | 4 | 4 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Maintains $1.25 → $13 | Buy | Maintains | $1.25 → $13 | +202.66% | Jun 11, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Initiates $13 | Buy | Initiates | $13 | +202.66% | Feb 28, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $50 | Strong Buy | Reiterates | $50 | +1,110.65% | May 26, 2023 |
| Credit Suisse | Credit Suisse | Hold Maintains $22 → $20 | Hold | Maintains | $22 → $20 | +384.26% | May 11, 2023 |
| Credit Suisse | Credit Suisse | Hold Reiterates $22 | Hold | Reiterates | $22 | +432.69% | Mar 6, 2023 |
Financial Forecast
Revenue This Year
191.61M
from 189.70M
Increased by 1.01%
Revenue Next Year
214.03M
from 191.61M
Increased by 11.70%
EPS This Year
-1.60
from -10.00
EPS Next Year
-0.98
from -1.60
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 199.5M | 231.4M |
| Avg | 191.6M | 214.0M |
| Low | 179.4M | 194.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 5.2% | 20.8% |
| Avg | 1.0% | 11.7% |
| Low | -5.4% | 1.3% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | -1.37 | -0.59 |
| Avg | -1.60 | -0.98 |
| Low | -1.76 | -1.37 |
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.