Average Price Target: $23.00
▲ +82.98% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for Desktop Metal in the last 3 months. The average price target is $23.00, with a high forecast of $30.00 and a low forecast of $11.00. The average price target represents a 82.98% upside from the last price of $12.57.
The current consensus among 4 investment analysts is to hold stock in Desktop Metal. This rating has held steady since March 2021, when it changed from a Buy consensus rating.
Desktop Metal, Inc. manufactures and sells additive manufacturing solutions for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Production System, an industrial manufacturing solution; Shop System, a turnkey binder jetting platform for machine and job shops; Studio System, an office metal 3D printing system; and Fiber, a desktop 3D printer. It serves automotive, aerospace, healthcare, consumer products, heavy industry, machine design, and research and development industries. The company was founded in 2015 and is headquartered in Burlington, Massachusetts.