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Desktop Metal (DM) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

DM Stock Forecast

Desktop Metal (DM) stock forecast, based on 2 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 141.94% increase from the last price of $2.17.

- $1 $2 $3 $4 $5 $6 High: $5.5 Avg: $5.25 Low: $5 Last Closed Price: $2.17

DM Stock Rating

Desktop Metal stock's rating consensus is Hold, based on 2 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 0 Buy (0.00%), 2 Hold (100.00%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Hold
Total 2 0 2 Strong Sell Sell Hold Buy Strong Buy

DM Forecast vs Benchmarks

TypeNameUpside
StockDesktop Metal141.94%
SectorTechnology Stocks 13.03%

Price Target Trends

1M3M12M
# Anlaysts--2
Avg Price Target--$5.88
Last Closing Price$2.17$2.17$2.17
Upside/Downside--170.97%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25--2--2
Dec, 24--2--2
Nov, 243451-13
Oct, 243471-15
Sep, 243481-16
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jul 08, 2024Troy JensenCantor Fitzgerald$5.50$5.039.34%153.46%
Jun 11, 2024Troy JensenCantor Fitzgerald$6.25$2.33168.24%188.02%
Jan 12, 2022Troy JensenLake Street$5.00$4.5310.38%130.41%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Jul 08, 2024Cantor FitzgeraldOverweightNeutraldowngrade
Jun 11, 2024Cantor FitzgeraldOverweightOverweighthold
Jan 12, 2022Lake StreetHoldupgrade

Financial Forecast

EPS Forecast

$-25 $-20 $-15 $-10 $-5 $0 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25
Reported$-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$-3.00$-5.15$-2.77$-1.81$-0.66
Low Forecast$-4.13$-3.00$-4.64$-2.77$-1.81$-0.66
Surprise %38.74%207.33%380.00%262.09%--

Revenue Forecast

$0 $50M $100M $150M $200M $250M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 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$194.90M$187.92M$160.00M$170.00M
Low Forecast$18.14M$105.38M$211.44M$188.47M$160.00M$170.00M
Surprise %-9.19%6.67%2.88%0.80%--

Net Income Forecast

$-750M $-600M $-450M $-300M $-150M $0 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25
Reported$-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$-96.66M$-166.08M$-89.14M$-58.32M$-21.26M
Low Forecast$-133.17M$-96.66M$-149.39M$-89.14M$-58.32M$-21.26M
Surprise %-32.09%148.64%369.37%262.65%--

DM Forecast FAQ

Is Desktop Metal stock a buy?

Desktop Metal stock has a consensus rating of Hold, based on 2 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 0 Buy, 2 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Desktop Metal is a neutral investment for most analysts.

What is Desktop Metal's price target?

Desktop Metal's price target, set by 2 Wall Street analysts, averages $5.25 over the next 12 months. The price target range spans from $5 at the low end to $5.5 at the high end, suggesting a potential 141.94% change from the previous close price of $2.17.

How does Desktop Metal stock forecast compare to the average forecast of its sector, industry, and investment themes?

Desktop Metal stock forecast shows a 141.94% upside, outperforming the average forecast for the technology stocks sector (13.03%).

What is the breakdown of analyst ratings for Desktop Metal over the past three months?

  • January 2025: 0% Strong Buy, 0% Buy, 100.00% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 0% Strong Buy, 0% Buy, 100.00% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 23.08% Strong Buy, 30.77% Buy, 38.46% Hold, 7.69% Sell, 0% Strong Sell.

What is Desktop Metal’s EPS forecast?

Desktop Metal's average annual EPS forecast for its fiscal year ending in December is -1.81 for 2024, a -81.95% decrease from the reported $-10.03 in 2023. The prediction for.

What is Desktop Metal’s revenue forecast?

Desktop Metal's average annual revenue forecast for its fiscal year ending in December is $160M for 2024, a -15.66% decrease from the reported $189.7M in 2023. The forecast for.

What is Desktop Metal’s net income forecast?

For its fiscal year ending in December, Desktop Metal's average annual net income forecast is $-58.317M for 2024, reflecting a -81.96% decrease from the reported $-323M in 2023. The projection for.