NYSE:DM - Desktop Metal Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $23.00
  • Forecasted Upside: 82.98 %
  • Number of Analysts: 4
  • Breakdown:
  • 1 Sell Ratings
  • 1 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$12.57
▲ +0.26 (2.11%)
1 month | 3 months | 12 months
Get New Desktop Metal Analyst Ratings Delivered To Your Inbox
Sign-up to receive the latest news and ratings for DM and its competitors with Analyst Ratings Network’s free daily newsletter.

Analyst Price Target for DM

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.

Hold

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.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
12/29/2019
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
3/28/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
6/26/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
9/24/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
12/23/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
3/23/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 1 sell ratings
5/22/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 1 sell ratings
6/21/2021

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/1/2021Lake Street CapitalInitiated CoverageSell$11.00N/A
3/26/2021Lake Street CapitalInitiated CoverageSell$11.00N/A
1/19/2021Craig HallumBoost Price TargetHold$17.00 ➝ $23.00N/A
1/19/2021Stifel NicolausInitiated CoverageBuy$30.00N/A
1/8/2021BenchmarkInitiated CoverageBuy$28.00N/A
12/17/2020Craig HallumInitiated CoverageHold$17.00N/A
1/20/2019Fundamental ResearchReiterated RatingBuyLow
10/12/2018BarclaysSet Price TargetHold$15.00 ➝ $17.00Low
9/21/2018Morgan StanleyBoost Price TargetEqual Weight ➝ Hold$17.00 ➝ $18.00Low
9/20/2018CitigroupDowngradeBuy ➝ Neutral$17.00Low
7/9/2018Stifel NicolausBoost Price TargetHold ➝ Hold$13.00 ➝ $15.00Low
5/1/2018CitigroupLower Price TargetBuy ➝ Buy$19.00 ➝ $17.00Low
4/30/2018ScotiabankDowngradeOutperform ➝ Sector PerformLow
4/30/2018GuggenheimDowngradeBuy ➝ NeutralLow
4/30/2018Stifel NicolausDowngradeBuy ➝ Hold$25.00 ➝ $13.00Low
4/17/2018BarclaysLower Price TargetEqual Weight ➝ Equal Weight$34.00 ➝ $15.00High
3/28/2018Stifel NicolausSet Price TargetBuy$25.00Low
3/28/2018Royal Bank of CanadaReiterated RatingHold$20.00High
3/27/2018CitigroupLower Price TargetBuy ➝ Buy$35.00 ➝ $19.00Medium
3/26/2018MizuhoSet Price TargetHold$20.00Medium
3/19/2018UBS GroupLower Price TargetBuy$25.00High
3/19/2018Stifel NicolausReiterated RatingBuy ➝ Buy$35.00 ➝ $25.00High
3/16/2018Morgan StanleyLower Price TargetUnderweight ➝ Underweight$32.00 ➝ $31.00High
3/16/2018Wolfe ResearchDowngradeOutperform ➝ Peer PerformHigh
3/6/2018JPMorgan Chase & Co.Lower Price TargetNeutral ➝ Neutral$35.00 ➝ $33.00Medium
3/2/2018UBS GroupReiterated RatingBuy ➝ Buy$39.00 ➝ $36.00Low
2/1/2018Wells Fargo & CompanyBoost Price TargetMarket Perform ➝ Market Perform$31.00 ➝ $32.00Low
1/30/2018Royal Bank of CanadaReiterated RatingHold$35.00Medium
1/17/2018Stifel NicolausInitiated CoverageBuy ➝ Buy$35.00Low
12/14/2017JPMorgan Chase & Co.DowngradeOverweight ➝ NeutralLow
11/17/2017Morgan StanleyLower Price TargetUnderweight$33.00 ➝ $32.00N/A
10/31/2017MizuhoDowngradeBuy ➝ Neutral$34.00N/A
10/30/2017Royal Bank of CanadaDowngradeOutperform ➝ Sector Perform$35.00N/A
10/25/2017ScotiabankReiterated RatingBuy$35.00N/A
10/20/2017MizuhoReiterated RatingBuy$34.00N/A
10/10/2017GuggenheimInitiated CoverageBuy$39.00N/A
9/28/2017Morgan StanleyDowngradeOverweight ➝ Underweight$32.00 ➝ $33.00Medium
9/27/2017Royal Bank of CanadaReiterated RatingBuy$35.00Medium
8/30/2017Morgan StanleyUpgradeEqual Weight ➝ Overweight$32.00High
8/3/2017Stifel NicolausSet Price TargetBuy$33.00Low
7/22/2017ScotiabankSet Price TargetBuy$35.00Low
7/18/2017BarclaysDowngradeOverweight ➝ Equal Weight$37.00 ➝ $32.00Medium
5/8/2017Royal Bank of CanadaReiterated RatingBuy$41.00Low
4/27/2017ScotiabankReiterated RatingBuy$35.00Low
4/3/2017Tudor PickeringDowngradeBuy ➝ HoldLow
2/2/2017MizuhoBoost Price TargetBuy$30.00 ➝ $36.00N/A
1/26/2017Stifel NicolausBoost Price TargetBuy$32.00 ➝ $35.00N/A
1/5/2017Evercore ISISet Price TargetBuy$36.00N/A
12/14/2016Stifel NicolausSet Price TargetBuy$29.00 ➝ $32.00N/A
11/1/2016Bank of AmericaUpgradeNeutral ➝ BuyN/A
10/7/2016Wolfe ResearchInitiated CoverageBuy$28.00N/A
9/29/2016MizuhoInitiated CoverageBuy$30.00N/A
9/14/2016Stifel NicolausUpgradeHold ➝ Buy$29.00N/A
8/18/2016Morgan StanleyDowngradeOverweight ➝ Equal Weight$40.00 ➝ $30.00N/A
8/4/2016BarclaysLower Price TargetOverweight$35.00 ➝ $32.00N/A
7/13/2016Stifel NicolausInitiated CoverageHoldN/A
(Data available from 6/21/2016 forward)
Desktop Metal logo
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.
Read More

Today's Range

Now: $12.57
Low: $12.08
High: $12.82

50 Day Range

MA: $13.04
Low: $10.98
High: $15.10

52 Week Range

Now: $12.57
Low: $10.08
High: $34.94

Volume

7,565,700 shs

Average Volume

4,178,547 shs

Market Capitalization

$3.18 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

0.31

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: Benchmark Co., Craig Hallum, Lake Street Capital, Stifel Nicolaus, and Zacks Investment Research.
View the latest analyst ratings for DM.

What is the current price target for Desktop Metal?

4 Wall Street analysts have set twelve-month price targets for Desktop Metal in the last year. Their average twelve-month price target is $23.00, suggesting a possible upside of 83.0%. Stifel Nicolaus has the highest price target set, predicting DM will reach $30.00 in the next twelve months. Lake Street Capital has the lowest price target set, forecasting a price of $11.00 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 1 sell rating, 1 hold rating and 2 buy 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?

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 804-819-2000 and its investor relations email address is [email protected] The official website for Desktop Metal is www.dommidstream.com.