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Desktop Metal - DM Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $5.50
  • Forecasted Upside: 137.07%
  • Number of Analysts: 2
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
$2.32 As of 12/23/2024 11:34 AM ET
▼ -0.53 (-18.60%)

This chart shows the closing price for DM by one month, three months, or twelve months.

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Analyst Price Target for DM

Analyst Price Target is $5.50
▲ +137.07% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Desktop Metal in the last 3 months. The average price target is $5.50, with a high forecast of $5.50 and a low forecast of $5.50. The average price target represents a 137.07% upside from the last price of $2.32.

This chart shows the closing price for DM for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 2 investment analysts is to hold stock in Desktop Metal. This rating has held steady since June 2024, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
7/2/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
9/30/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
12/29/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/28/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
6/26/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
9/24/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
11/23/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
12/23/2024

Latest Recommendations

  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
7/8/2024Cantor FitzgeraldReiterated RatingOverweight ➝ Neutral$12.50 ➝ $5.50
7/1/2024Craig HallumReiterated RatingHold ➝ Hold
6/11/2024Cantor FitzgeraldBoost TargetOverweight ➝ Overweight$1.25 ➝ $12.50
2/28/2024Cantor FitzgeraldInitiated CoverageOverweight$12.50
3/6/2023Credit Suisse GroupReiterated RatingNeutral$22.00
3/3/2023Morgan StanleyBoost TargetOverweight$17.50 ➝ $19.00
1/6/2023Morgan StanleyInitiated CoverageEqual Weight$17.50
12/16/2022JPMorgan Chase & Co.Initiated CoverageNeutral
11/15/2022Craig HallumLower Target$20.00
11/15/2022BenchmarkLower Target$50.00
11/10/2022Credit Suisse GroupLower TargetNeutral$27.00 ➝ $23.00
8/16/2022Credit Suisse GroupInitiated CoverageNeutral$28.00
8/15/2022Craig HallumBoost Target$25.00
8/15/2022BenchmarkLower Target$60.00
3/16/2022Stifel NicolausLower Target$110.00 ➝ $60.00
1/10/2022Lake Street CapitalUpgradeHold ➝ Buy$50.00
11/17/2021Credit Suisse GroupInitiated CoverageNeutral
11/17/2021BenchmarkLower TargetBuy$220.00 ➝ $160.00
11/16/2021Stifel NicolausLower TargetBuy ➝ Buy$140.00 ➝ $110.00
11/16/2021Cross ResearchDowngradeBuy ➝ Hold
11/12/2021Lake Street CapitalLower TargetSell$80.00 ➝ $70.00
10/7/2021OppenheimerInitiated CoverageMarket Perform
7/12/2021Lake Street CapitalLower TargetSell$110.00 ➝ $90.00
6/25/2021Credit Suisse GroupInitiated CoverageNeutral$140.00
4/1/2021Lake Street CapitalInitiated CoverageSell$110.00
3/26/2021Lake Street CapitalInitiated CoverageSell$110.00
1/19/2021Craig HallumBoost TargetHold$170.00 ➝ $230.00
1/19/2021Stifel NicolausInitiated CoverageBuy$300.00
1/8/2021BenchmarkInitiated CoverageBuy$280.00
12/17/2020Craig HallumInitiated CoverageHold$170.00
(Data available from 12/23/2019 forward)

News Sentiment Rating

0.47 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 5 very positive mentions
  • 6 positive mentions
  • 2 negative mentions
  • 1 very negative mentions
Mentions as of
5/27/2024
  • 6 very positive mentions
  • 9 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
6/26/2024
  • 3 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/26/2024
  • 3 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/25/2024
  • 3 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/24/2024
  • 2 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/24/2024
  • 1 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/23/2024
  • 2 very positive mentions
  • 3 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
12/23/2024

Current Sentiment

  • 2 very positive mentions
  • 3 positive mentions
  • 2 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Desktop Metal logo
Desktop Metal, Inc. manufactures and sells additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Shop System, an entry-level metal 3D printing using binder jetting; X-series platform that provides binder jet 3D printing of specialty materials, including metals and ceramics, and tools; and P-Series offers high-speed metal 3D printing. It also provides Einstein series, designed for dental professionals which offers 3D printing; ETEC Xtreme 8K platform, a DLP printer with two 385 nm overhead projectors for high-volume production; ETEC Pro XL for industrial polymer 3D printer; S-Max and S-Max Pro platforms, which provides digital casting solutions; and 3D-Bioplotter platform which offers biofabrication solution. In addition, the company offers binder jetting materials, photopolymer resins, BMD materials, and bioprinting materials. It serves automotive, aerospace, healthcare, consumer products, heavy industry, machine design, research and development, and other industries. Desktop Metal, Inc. was founded in 2015 and is headquartered in Burlington, Massachusetts.
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Today's Range

Now: $2.32
Low: $2.22
High: $2.80

50 Day Range

MA: $4.35
Low: $2.85
High: $4.97

52 Week Range

Now: $2.32
Low: $2.22
High: $11.80

Volume

670,475 shs

Average Volume

398,463 shs

Market Capitalization

$77.35 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

0.55

Frequently Asked Questions

What sell-side analysts currently cover shares of Desktop Metal?

The following Wall Street analysts have issued stock ratings on Desktop Metal in the last twelve months: Cantor Fitzgerald, Craig Hallum, and StockNews.com.
View the latest analyst ratings for DM.

What is the current price target for Desktop Metal?

0 Wall Street analysts have set twelve-month price targets for Desktop Metal in the last year. Their average twelve-month price target is $5.50, suggesting a possible upside of 137.1%. Cantor Fitzgerald has the highest price target set, predicting DM will reach $5.50 in the next twelve months. Cantor Fitzgerald has the lowest price target set, forecasting a price of $5.50 for Desktop Metal in the next year.
View the latest price targets for DM.

What is the current consensus analyst rating for Desktop Metal?

Desktop Metal currently has 2 hold ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in DM, but not buy more shares or sell existing shares.
View the latest ratings for DM.

What other companies compete with Desktop Metal?

Other companies that are similar to Desktop Metal include Ouster, Gencor Industries, Planet Image International, Taylor Devices and Perma-Pipe International. Learn More about companies similar to Desktop Metal.

How do I contact Desktop Metal's investor relations team?

Desktop Metal's physical mailing address is 120 TREDEGAR STREET, RICHMOND VA, 23219. The pipeline company's listed phone number is 978-224-1244 and its investor relations email address is [email protected]. The official website for Desktop Metal is www.desktopmetal.com. Learn More about contacing Desktop Metal investor relations.