Markforged (MKFG) Stock Forecast, Price Target & Predictions

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MKFG Stock Forecast

Markforged stock forecast is as follows: an average price target of $4.00 (represents a -5.44% downside from MKFG’s last price of $4.23) and a rating consensus of 'Hold', based on 3 wall street analysts offering a 1-year stock forecast.

MKFG Price Target

The average price target for Markforged (MKFG) is $4.00 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $5.00 to $3.00. This represents a potential -5.44% downside from MKFG's last price of $4.23.

MKFG Analyst Ratings

Hold

According to 3 Wall Street analysts, Markforged's rating consensus is 'Hold'. The analyst rating breakdown for MKFG stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 3 'Hold' (100.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Markforged Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Sep 26, 2024	Troy Jensen	Cantor Fitzgerald	$5.00	$4.77	4.82%	18.20%
Sep 25, 2024	Gregory Palm	Craig-Hallum	$3.00	$4.61	-34.92%	-29.08%
May 09, 2024	Troy Jensen	Cantor Fitzgerald	$1.30	$0.61	113.04%	-69.27%

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The latest Markforged stock forecast, released on Sep 26, 2024 by Troy Jensen from Cantor Fitzgerald, set a price target of $5.00, which represents a 4.82% increase from the stock price at the time of the forecast ($4.77), and a 18.20% increase from MKFG last price ($4.23).

Markforged Price Target by Period

	1M	3M	12M
# Anlaysts	-	2	3
Avg Price Target	-	$4.00	$3.10
Last Closing Price	$4.23	$4.23	$4.23
Upside/Downside	-100.00%	-5.44%	-26.71%

In the current month, the average price target of Markforged stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Markforged's last price of $4.23. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Sep 26, 2024	Lake Street	-	Hold	Downgrade
Sep 26, 2024	Cantor Fitzgerald	Overweight	Neutral	Downgrade
Sep 25, 2024	Craig-Hallum	Hold	Hold	Hold
May 09, 2024	Cantor Fitzgerald	Overweight	Overweight	Hold

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Markforged's last stock rating was published by Lake Street on Sep 26, 2024. The company Downgrade its MKFG rating from "null" to "Hold".

Markforged Financial Forecast

Markforged 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
Revenue	-	-	-	-	-	-	-	-	-	$20.07M	$25.45M	$24.09M	$29.66M	$25.21M	$24.23M	$21.86M	$67.18M	$24.05M	$20.42M	-
Avg Forecast	$27.51M	$24.31M	$23.75M	$21.70M	$24.92M	$22.54M	$21.75M	$20.39M	$21.49M	$20.11M	$25.28M	$22.92M	$29.35M	$26.18M	$22.46M	$20.78M	$24.55M	$21.57M	$20.82M	$20.30M
High Forecast	$28.70M	$25.36M	$24.77M	$23.60M	$25.99M	$23.51M	$21.75M	$20.39M	$22.42M	$20.98M	$26.36M	$23.91M	$30.62M	$26.18M	$22.46M	$20.78M	$24.55M	$21.57M	$20.82M	$20.30M
Low Forecast	$26.64M	$23.54M	$23.00M	$20.31M	$24.13M	$21.83M	$21.75M	$20.39M	$20.81M	$19.48M	$24.48M	$22.20M	$28.42M	$26.18M	$22.46M	$20.78M	$24.55M	$21.57M	$20.82M	$20.30M
# Analysts	1	1	1	3	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1
Surprise %	-	-	-	-	-	-	-	-	-	1.00%	1.01%	1.05%	1.01%	0.96%	1.08%	1.05%	2.74%	1.11%	0.98%	-

Markforged's average Quarter revenue forecast for Dec 23 based on 2 analysts is $21.49M, with a low forecast of $20.81M, and a high forecast of $22.42M. MKFG's average Quarter revenue forecast represents a 7.06% increase compared to the company's last Quarter revenue of $20.07M (Sep 23).

Markforged 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
# Analysts	1	1	1	3	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1
EBITDA	-	-	-	-	-	-	-	-	-	$-16.54M	$-20.10M	$-20.07M	$-17.75M	$-19.19M	$-21.16M	$-20.19M	$-19.55M	$25.19M	$-10.67M	-
Avg Forecast	$-9.88M	$-8.73M	$-8.53M	$-7.80M	$-8.95M	$-8.10M	$-7.81M	$-7.32M	$-7.72M	$-7.23M	$-9.08M	$-8.24M	$-10.55M	$-14.89M	$-12.77M	$-11.82M	$-13.96M	$15.84M	$-11.84M	$-11.54M
High Forecast	$-9.57M	$-8.46M	$-8.26M	$-7.30M	$-8.67M	$-7.84M	$-7.81M	$-7.32M	$-7.48M	$-7.00M	$-8.79M	$-7.98M	$-10.21M	$-14.89M	$-12.77M	$-11.82M	$-13.96M	$19.00M	$-11.84M	$-11.54M
Low Forecast	$-10.31M	$-9.11M	$-8.90M	$-8.48M	$-9.34M	$-8.45M	$-7.81M	$-7.32M	$-8.05M	$-7.54M	$-9.47M	$-8.59M	$-11.00M	$-14.89M	$-12.77M	$-11.82M	$-13.96M	$12.67M	$-11.84M	$-11.54M
Surprise %	-	-	-	-	-	-	-	-	-	2.29%	2.21%	2.44%	1.68%	1.29%	1.66%	1.71%	1.40%	1.59%	0.90%	-

1 analysts predict MKFG's average Quarter EBITDA for Dec 21 to be $-13.96M, with a high of $-13.96M and a low of $-13.96M. This is -155.42% lower than Markforged's previous annual EBITDA (Sep 21) of $25.19M.

Markforged 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
# Analysts	1	1	1	3	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1
Net Income	-	-	-	-	-	-	-	-	-	$-51.36M	$-18.99M	$-19.02M	$-10.73M	$-22.97M	$4.08M	$4.24M	$-20.07M	$23.92M	$-11.09M	-
Avg Forecast	$-27.79M	$-46.08M	$-52.18M	$-67.77M	$-66.42M	$-97.59M	$-116.90M	$-132.15M	$-142.32M	$-155.80M	$-142.47M	$-166.31M	$-143.56M	$-156.48M	$-187.47M	$-159.27M	$-156.12M	$15.04M	$-129.82M	$-80.50M
High Forecast	$-26.65M	$-44.19M	$-50.04M	$-54.89M	$-63.69M	$-93.58M	$-112.10M	$-126.72M	$-136.47M	$-149.40M	$-136.62M	$-159.48M	$-137.66M	$-156.48M	$-187.47M	$-159.27M	$-156.12M	$18.04M	$-129.82M	$-80.50M
Low Forecast	$-29.34M	$-48.66M	$-55.10M	$-75.22M	$-70.13M	$-103.05M	$-123.45M	$-139.55M	$-150.28M	$-164.53M	$-150.45M	$-175.62M	$-151.60M	$-156.48M	$-187.47M	$-159.27M	$-156.12M	$12.03M	$-129.82M	$-80.50M
Surprise %	-	-	-	-	-	-	-	-	-	0.33%	0.13%	0.11%	0.07%	0.15%	-0.02%	-0.03%	0.13%	1.59%	0.09%	-

Markforged's average Quarter net income forecast for Sep 22 is $-156.48M, with a range of $-156.48M to $-156.48M. MKFG's average Quarter net income forecast represents a -3939.91% decrease compared to the company's last Quarter net income of $4.08M (Jun 22).

Markforged 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
# Analysts	1	1	1	3	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1
SG&A	-	-	-	-	-	-	-	-	-	$20.40M	$21.79M	$22.70M	$22.20M	$24.66M	$26.35M	$22.19M	$57.12M	$24.42M	$16.21M	-
Avg Forecast	$21.95M	$19.39M	$18.95M	$17.32M	$19.88M	$17.98M	$17.35M	$16.26M	$17.15M	$16.05M	$20.16M	$18.29M	$23.42M	$20.42M	$17.52M	$16.21M	$19.14M	$15.35M	$16.23M	$15.83M
High Forecast	$22.89M	$20.23M	$19.76M	$18.83M	$20.74M	$18.76M	$17.35M	$16.26M	$17.88M	$16.74M	$21.03M	$19.08M	$24.42M	$20.42M	$17.52M	$16.21M	$19.14M	$18.42M	$16.23M	$15.83M
Low Forecast	$21.25M	$18.78M	$18.35M	$16.21M	$19.25M	$17.42M	$17.35M	$16.26M	$16.60M	$15.54M	$19.53M	$17.71M	$22.68M	$20.42M	$17.52M	$16.21M	$19.14M	$12.28M	$16.23M	$15.83M
Surprise %	-	-	-	-	-	-	-	-	-	1.27%	1.08%	1.24%	0.95%	1.21%	1.50%	1.37%	2.98%	1.59%	1.00%	-

Markforged's average Quarter SG&A projection for Dec 23 is $17.15M, based on 2 Wall Street analysts, with a range of $16.60M to $17.88M. The forecast indicates a -15.94% fall compared to MKFG last annual SG&A of $20.40M (Sep 23).

Markforged 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
# Analysts	1	1	1	3	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1
EPS	-	-	-	-	-	-	-	-	-	$-0.26	$-0.10	$-0.10	$-0.06	$-0.12	$0.02	$0.02	$-0.12	$0.13	$-0.06	-
Avg Forecast	$-0.14	$-0.23	$-0.26	$-0.33	$-0.33	$-0.48	$-0.57	$-0.65	$-0.70	$-0.77	$-0.70	$-0.82	$-0.71	$-0.78	$-0.93	$-0.79	$-0.78	$-0.62	$-0.65	$-0.40
High Forecast	$-0.13	$-0.22	$-0.25	$-0.27	$-0.31	$-0.46	$-0.55	$-0.62	$-0.67	$-0.73	$-0.67	$-0.78	$-0.68	$-0.78	$-0.93	$-0.79	$-0.78	$-0.62	$-0.65	$-0.40
Low Forecast	$-0.14	$-0.24	$-0.27	$-0.37	$-0.34	$-0.51	$-0.61	$-0.69	$-0.74	$-0.81	$-0.74	$-0.86	$-0.75	$-0.78	$-0.93	$-0.79	$-0.78	$-0.62	$-0.65	$-0.40
Surprise %	-	-	-	-	-	-	-	-	-	0.34%	0.14%	0.12%	0.08%	0.15%	-0.02%	-0.03%	0.15%	-0.21%	0.09%	-

According to 1 Wall Street analysts, Markforged's projected average Quarter EPS for Sep 22 is $-0.78, with a low estimate of $-0.78 and a high estimate of $-0.78. This represents a -3987.55% decrease compared to MKFG previous annual EPS of $0.02 (Jun 22).

Markforged Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
DDD	3D Systems	$3.01	$7.25	140.86%	Buy
QBTS	D-Wave Quantum	$1.49	$2.75	84.56%	Buy
SSYS	Stratasys	$9.19	$12.25	33.30%	Buy
DM	Desktop Metal	$4.13	$5.25	27.12%	Hold
PSTG	Pure Storage	$49.90	$61.89	24.03%	Buy
MKFG	Markforged	$4.23	$4.00	-5.44%	Hold
IONQ	IonQ	$27.89	$16.00	-42.63%	Buy

MKFG Forecast FAQ

Is Markforged a good buy?

No, according to 3 Wall Street analysts, Markforged (MKFG) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of MKFG's total ratings.

What is MKFG's price target?

Markforged (MKFG) average price target is $4 with a range of $3 to $5, implying a -5.44% from its last price of $4.23. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Markforged stock go up soon?

According to Wall Street analysts' prediction for MKFG stock, the company can go down by -5.44% (from the last price of $4.23 to the average price target of $4), up by 18.20% based on the highest stock price target, and down by -29.08% based on the lowest stock price target.

Can Markforged stock reach $6?

MKFG's average twelve months analyst stock price target of $4 does not support the claim that Markforged can reach $6 in the near future.

What are Markforged's analysts' financial forecasts?

Markforged's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $89.59M (high $91.64M, low $88.09M), average EBITDA is $-32.187M (high $-31.649M, low $-32.922M), average net income is $-413M (high $-396M, low $-436M), average SG&A $71.47M (high $73.11M, low $70.28M), and average EPS is $-2.032 (high $-1.948, low $-2.145). MKFG's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $97.27M (high $102.42M, low $93.49M), average EBITDA is $-34.946M (high $-33.588M, low $-36.796M), average net income is $-194M (high $-176M, low $-208M), average SG&A $77.6M (high $81.71M, low $74.58M), and average EPS is $-0.953 (high $-0.865, low $-1.025).

Did the MKFG's actual financial results beat the analysts' financial forecasts?

Based on Markforged's last annual report (Dec 2023), the company's revenue was $93.78M, beating the average analysts forecast of $89.81M by 4.43%. Apple's EBITDA was $-81.914M, beating the average prediction of $-32.263M by 153.89%. The company's net income was $-104M, missing the average estimation of $-607M by -82.94%. Apple's SG&A was $85.59M, beating the average forecast of $71.64M by 19.47%. Lastly, the company's EPS was $-0.53, missing the average prediction of $-2.985 by -82.25%. In terms of the last quarterly report (Sep 2023), Markforged's revenue was $20.08M, missing the average analysts' forecast of $20.11M by -0.19%. The company's EBITDA was $-16.539M, beating the average prediction of $-7.226M by 128.88%. Markforged's net income was $-51.362M, missing the average estimation of $-156M by -67.03%. The company's SG&A was $20.4M, beating the average forecast of $16.05M by 27.11%. Lastly, the company's EPS was $-0.26, missing the average prediction of $-0.766 by -66.07%