Desktop Metal (DM) Stock Forecast, Price Target & Predictions
DM Stock Forecast
Desktop Metal stock forecast is as follows: an average price target of $5.25 (represents a 27.12% upside from DM’s last price of $4.13) and a rating consensus of 'Hold', based on 2 wall street analysts offering a 1-year stock forecast.
DM Price Target
The average price target for Desktop Metal (DM) is $5.25 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $5.50 to $5.00. This represents a potential 27.12% upside from DM's last price of $4.13.
DM Analyst Ratings
According to 2 Wall Street analysts, Desktop Metal's rating consensus is 'Hold'. The analyst rating breakdown for DM stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 2 'Hold' (100.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Desktop Metal Price Target by Analyst
| 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% | 33.17% |
| Jun 11, 2024 | Troy Jensen | Cantor Fitzgerald | $12.50 | $4.66 | 168.24% | 202.66% |
| Jan 12, 2022 | Troy Jensen | Lake Street | $5.00 | $4.53 | 10.38% | 21.07% |
The latest Desktop Metal stock forecast, released on Jul 08, 2024 by Troy Jensen from Cantor Fitzgerald, set a price target of $5.50, which represents a 9.34% increase from the stock price at the time of the forecast ($5.03), and a 33.17% increase from DM last price ($4.13).
Desktop Metal Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 2 |
| Avg Price Target | - | - | $9.00 |
| Last Closing Price | $4.13 | $4.13 | $4.13 |
| Upside/Downside | -100.00% | -100.00% | 117.92% |
In the current month, the average price target of Desktop Metal stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Desktop Metal's last price of $4.13. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| 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 |
Desktop Metal's last stock rating was published by Cantor Fitzgerald on Jul 08, 2024. The company Downgrade its DM rating from "Overweight" to "Neutral".
Desktop Metal Financial Forecast
Desktop Metal Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $52.35M | $42.75M | $53.29M | $41.32M | $60.56M | $47.09M | $57.67M | $43.71M | $56.68M | $25.44M | $18.98M | $11.31M | $8.37M |
| Avg Forecast | $48.30M | $41.00M | $41.90M | $38.80M | $44.10M | $36.40M | $45.50M | $40.80M | $50.83M | $49.77M | $49.98M | $48.62M | $54.38M | $60.30M | $54.43M | $41.61M | $49.58M | $28.76M | $19.18M | $9.92M | $3.60M |
| High Forecast | $49.91M | $42.36M | $43.29M | $41.45M | $45.57M | $37.61M | $47.01M | $42.16M | $51.08M | $51.43M | $51.64M | $50.23M | $56.19M | $60.30M | $54.43M | $41.61M | $49.58M | $28.76M | $19.18M | $9.92M | $3.60M |
| Low Forecast | $46.69M | $39.64M | $40.51M | $36.15M | $42.63M | $35.19M | $43.99M | $39.44M | $50.59M | $48.12M | $48.31M | $47.00M | $52.58M | $60.30M | $54.43M | $41.61M | $49.58M | $28.76M | $19.18M | $9.92M | $3.60M |
| # Analysts | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Surprise % | - | - | - | - | - | - | - | - | 1.03% | 0.86% | 1.07% | 0.85% | 1.11% | 0.78% | 1.06% | 1.05% | 1.14% | 0.88% | 0.99% | 1.14% | 2.32% |
Desktop Metal's average Quarter revenue forecast for Mar 24 based on 1 analysts is $40.80M, with a low forecast of $39.44M, and a high forecast of $42.16M. DM's average Quarter revenue forecast represents a -22.06% decrease compared to the company's last Quarter revenue of $52.35M (Dec 23).
Desktop Metal EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EBITDA | - | - | - | - | - | - | - | - | $-17.04M | $-45.12M | $-48.52M | $-38.88M | $-30.12M | $-45.13M | $-50.35M | $-56.56M | $-46.96M | $-61.34M | $-41.81M | $-83.06M | $-24.21M |
| Avg Forecast | $-48.30M | $-41.00M | $-41.90M | $-38.80M | $-44.10M | $-36.40M | $-45.50M | $-40.80M | $-50.83M | $-49.77M | $-49.98M | $-48.62M | $-54.38M | $-41.25M | $-37.23M | $-52.21M | $-33.92M | $-19.67M | $-13.12M | $-168.20M | $-2.46M |
| High Forecast | $-46.69M | $-39.64M | $-40.51M | $-36.15M | $-42.63M | $-35.19M | $-43.99M | $-39.44M | $-50.59M | $-48.12M | $-48.31M | $-47.00M | $-52.58M | $-41.25M | $-37.23M | $-41.77M | $-33.92M | $-19.67M | $-13.12M | $-134.56M | $-2.46M |
| Low Forecast | $-49.91M | $-42.36M | $-43.29M | $-41.45M | $-45.57M | $-37.61M | $-47.01M | $-42.16M | $-51.08M | $-51.43M | $-51.64M | $-50.23M | $-56.19M | $-41.25M | $-37.23M | $-62.66M | $-33.92M | $-19.67M | $-13.12M | $-201.84M | $-2.46M |
| Surprise % | - | - | - | - | - | - | - | - | 0.34% | 0.91% | 0.97% | 0.80% | 0.55% | 1.09% | 1.35% | 1.08% | 1.38% | 3.12% | 3.19% | 0.49% | 9.83% |
undefined analysts predict DM's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than Desktop Metal's previous annual EBITDA (undefined) of $NaN.
Desktop Metal Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Net Income | - | - | - | - | - | - | - | - | $-174.53M | $-46.37M | $-49.73M | $-52.64M | $-312.35M | $-60.77M | $-297.27M | $-69.94M | $-71.17M | $-66.88M | $-43.18M | $-59.11M | $-25.41M |
| Avg Forecast | $-332.69K | $-5.66M | $-6.65M | $-9.32M | $-9.32M | $-15.64M | $-12.97M | $-19.96M | $-19.07M | $-16.63M | $-18.27M | $-27.01M | $-34.24M | $-31.65M | $-41.91M | $-64.56M | $-29.23M | $-27.79M | $-31.68M | $-119.69M | - |
| High Forecast | $-318.31K | $-5.41M | $-6.37M | $-8.41M | $-8.91M | $-14.96M | $-12.41M | $-19.10M | $-17.35M | $-15.92M | $-17.48M | $-25.84M | $-32.76M | $-31.65M | $-41.91M | $-51.65M | $-29.23M | $-27.79M | $-31.68M | $-95.75M | - |
| Low Forecast | $-347.06K | $-5.90M | $-6.94M | $-10.22M | $-9.72M | $-16.31M | $-13.54M | $-20.82M | $-20.79M | $-17.35M | $-19.06M | $-28.17M | $-35.72M | $-31.65M | $-41.91M | $-77.48M | $-29.23M | $-27.79M | $-31.68M | $-143.63M | - |
| Surprise % | - | - | - | - | - | - | - | - | 9.15% | 2.79% | 2.72% | 1.95% | 9.12% | 1.92% | 7.09% | 1.08% | 2.44% | 2.41% | 1.36% | 0.49% | - |
Desktop Metal's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. DM's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).
Desktop Metal SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| SG&A | - | - | - | - | - | - | - | - | $23.19M | $18.08M | $33.38M | $27.81M | $32.38M | $35.13M | $40.10M | $43.55M | $49.65M | $33.06M | $24.04M | $19.30M | $12.87M |
| Avg Forecast | $45.86M | $38.93M | $39.78M | $36.84M | $41.87M | $34.56M | $43.20M | $38.74M | $48.26M | $47.26M | $47.45M | $46.16M | $51.64M | $56.01M | $50.56M | $40.20M | $46.06M | $26.71M | $17.81M | $9.21M | $3.34M |
| High Forecast | $47.38M | $40.22M | $41.10M | $39.36M | $43.26M | $35.71M | $44.64M | $40.03M | $48.50M | $48.83M | $49.03M | $47.69M | $53.35M | $56.01M | $50.56M | $48.24M | $46.06M | $26.71M | $17.81M | $9.21M | $3.34M |
| Low Forecast | $44.34M | $37.63M | $38.46M | $34.32M | $40.48M | $33.41M | $41.77M | $37.45M | $48.03M | $45.69M | $45.87M | $44.63M | $49.92M | $56.01M | $50.56M | $32.16M | $46.06M | $26.71M | $17.81M | $9.21M | $3.34M |
| Surprise % | - | - | - | - | - | - | - | - | 0.48% | 0.38% | 0.70% | 0.60% | 0.63% | 0.63% | 0.79% | 1.08% | 1.08% | 1.24% | 1.35% | 2.09% | 3.85% |
Desktop Metal's average Quarter SG&A projection for Mar 24 is $38.74M, based on 1 Wall Street analysts, with a range of $37.45M to $40.03M. The forecast indicates a 67.03% rise compared to DM last annual SG&A of $23.19M (Dec 23).
Desktop Metal EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EPS | - | - | - | - | - | - | - | - | $-0.54 | $-0.14 | $-0.15 | $-0.16 | $-0.99 | $-0.19 | $-0.95 | $-0.22 | $-0.27 | $-0.26 | $-0.17 | $-0.25 | $-0.11 |
| Avg Forecast | $-0.01 | $-0.17 | $-0.20 | $-0.28 | $-0.28 | $-0.47 | $-0.39 | $-0.60 | $-0.57 | $-0.50 | $-0.55 | $-0.81 | $-1.03 | $-0.96 | $-1.27 | $-1.26 | $-0.88 | $-0.84 | $-0.96 | $-1.16 | - |
| High Forecast | $-0.01 | $-0.16 | $-0.19 | $-0.25 | $-0.27 | $-0.45 | $-0.37 | $-0.57 | $-0.52 | $-0.48 | $-0.53 | $-0.78 | $-0.98 | $-0.96 | $-1.27 | $-1.26 | $-0.88 | $-0.84 | $-0.96 | $-1.16 | - |
| Low Forecast | $-0.01 | $-0.18 | $-0.21 | $-0.31 | $-0.29 | $-0.49 | $-0.41 | $-0.63 | $-0.63 | $-0.52 | $-0.57 | $-0.85 | $-1.07 | $-0.96 | $-1.27 | $-1.26 | $-0.88 | $-0.84 | $-0.96 | $-1.16 | - |
| Surprise % | - | - | - | - | - | - | - | - | 0.94% | 0.28% | 0.27% | 0.20% | 0.96% | 0.20% | 0.75% | 0.17% | 0.31% | 0.31% | 0.18% | 0.22% | - |
According to undefined Wall Street analysts, Desktop Metal's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to DM previous annual EPS of $NaN (undefined).
Desktop Metal Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SMCI | Super Micro Computer | $28.27 | $529.36 | 1772.52% | Buy |
| DDD | 3D Systems | $3.01 | $7.25 | 140.86% | Buy |
| RGTI | Rigetti Computing | $1.31 | $3.00 | 129.01% | Buy |
| QBTS | D-Wave Quantum | $1.49 | $2.75 | 84.56% | Buy |
| CRCT | Cricut | $5.24 | $8.25 | 57.44% | Hold |
| SSYS | Stratasys | $9.19 | $12.25 | 33.30% | Buy |
| DM | Desktop Metal | $4.13 | $5.25 | 27.12% | Hold |
| CAN | Canaan | $1.59 | $2.00 | 25.79% | Buy |
| MKFG | Markforged | $4.23 | $4.00 | -5.44% | Hold |
| HPQ | HP | $36.87 | $33.55 | -9.00% | Hold |
| IONQ | IonQ | $27.89 | $16.00 | -42.63% | Buy |
| QMCO | Quantum | $2.98 | $0.75 | -74.83% | Hold |