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Desktop Metal, Inc. (DM) Stock Forecast & Price Prediction

Live DM Stock Price & Analysis

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$2.56

-0.04 (-1.54%)

12 Month Price Forecast For DM

$2.56
Current Price
$85.35M
Market Cap
1 Ratings
Buy 0
Hold 1
Sell 0
Wall St Analyst Ratings

Distance to DM Price Forecasts

+95.3%
To High Target of $5.00
+95.3%
To Median Target of $5.00
+95.3%
To Low Target of $5.00

DM Price Momentum

-4.1%
1 Week Change
+7.6%
1 Month Change
-58.3%
1 Year Change
+9.4%
Year-to-Date Change
-78.3%
From 52W High of $11.80
+374.1%
From 52W Low of $0.54

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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.

Data last updated: February 15, 2025 1:34 PM UTC

DM Analyst Ratings & Price Targets

Based on our analysis of 12 Wall Street analysts, DM has a neutral consensus with a median price target of $5.00 (ranging from $5.00 to $5.00). Currently trading at $2.56, the median forecast implies a 95.3% upside. This outlook is supported by 0 Buy, 1 Hold, and 0 Sell ratings.

The most optimistic forecast comes from Josh Sullivan at Benchmark, projecting a 95.3% upside. Conversely, the most conservative target is provided by Josh Sullivan at Benchmark, suggesting a 95.3% upside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

DM Analyst Consensus

0
Buy
1
Hold
0
Sell

DM Price Target Range

Low
$5.00
Average
$5.00
High
$5.00
Current: $2.56

Latest DM Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for DM.

Date Firm Analyst Rating Change Price Target
Jul 8, 2024 Cantor Fitzgerald Troy Jensen Neutral Downgrade $5.50
Jul 1, 2024 Craig-Hallum Hold Maintains $0.00
Jun 11, 2024 Cantor Fitzgerald Troy Jensen Overweight Maintains $12.50
Feb 28, 2024 Cantor Fitzgerald Troy Jensen Overweight Initiates $1.25
May 26, 2023 Benchmark Josh Sullivan Buy Reiterates $5.00
May 11, 2023 Credit Suisse Shannon Cross Neutral Maintains $2.00
Mar 6, 2023 Credit Suisse Shannon Cross Neutral Reiterates $2.20
Mar 3, 2023 Morgan Stanley Dmitry Silversteyn Overweight Maintains $1.90
Jan 6, 2023 Morgan Stanley Joshua Pokrzywinski Equal-Weight Initiates $1.75
Dec 16, 2022 JP Morgan Paul Chung Neutral Initiates $0.00
Nov 10, 2022 Credit Suisse Shannon Cross Neutral Maintains $2.30
Aug 17, 2022 Credit Suisse Shannon Cross Neutral Initiates $2.80
Nov 16, 2021 Cross Research Hold Downgrade $0.00
Oct 8, 2021 Oppenheimer Perform Initiates $0.00
Jun 25, 2021 Credit Suisse Neutral Initiates $0.00
Mar 26, 2021 Lake Street Sell Initiates $0.00
Jan 19, 2021 Stifel Buy Initiates $0.00
Jan 8, 2021 Benchmark Buy Initiates $0.00
Oct 12, 2018 Barclays Christine Cho Equal-Weight Maintains $17.00
Sep 21, 2018 Morgan Stanley Tom Abrams Equal-Weight Maintains $18.00

Stocks Similar to Desktop Metal, Inc.

The following stocks are similar to Desktop Metal based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Desktop Metal, Inc. (DM) Financial Data

Desktop Metal, Inc. has a market capitalization of $85.35M with a P/E ratio of -0.3x. The company generates $168.28M in trailing twelve-month revenue with a -217.2% profit margin.

Revenue growth is -14.8% quarter-over-quarter, while maintaining an operating margin of -87.0% and return on equity of -153.0%.

Valuation Metrics

Market Cap $85.35M
Enterprise Value $194.64M
P/E Ratio -0.3x
PEG Ratio -3.9x
Price/Sales 0.5x

Growth & Margins

Revenue Growth (YoY) -14.8%
Gross Margin +8.7%
Operating Margin -87.0%
Net Margin -217.2%
EPS Growth -14.8%

Financial Health

Cash/Price Ratio +35.9%
Current Ratio 2.3x
Debt/Equity 193.4x
ROE -153.0%
ROA -24.1%

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Desktop Metal, Inc. logo

Desktop Metal, Inc. (DM) Company Overview

About Desktop Metal, Inc.

What They Do

Manufactures additive manufacturing technologies.

Business Model

The company generates revenue by designing, manufacturing, and selling a range of additive manufacturing solutions, including various 3D printing systems and materials tailored for multiple industries such as automotive, aerospace, and healthcare. Their diverse product offerings cater to different segments, from entry-level to high-speed industrial applications.

Additional Information

Founded in 2015 and based in Burlington, Massachusetts, the company serves a global market across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific, positioning itself as a key player in the evolving 3D printing industry.

Company Information

Sector

Technology

Industry

Computer Hardware

Employees

950

CEO

Mr. Ric Fulop

Country

United States

IPO Year

2014

Desktop Metal, Inc. (DM) Latest News & Analysis

DM stock latest news image
Quick Summary

Desktop Metal, Inc. (NYSE: DM) has been granted an expedited trial by the Delaware Court of Chancery in its lawsuit against Nano Dimension Ltd. for breach of their merger agreement.

Why It Matters

The court's decision to expedite the trial could impact Desktop Metal's valuation and market position, influencing investor sentiment and stock performance in the 3D printing sector.

Source: Business Wire
Market Sentiment: Neutral
DM stock latest news image
Quick Summary

Desktop Metal, Inc. has filed a lawsuit against Nano Dimension Ltd. in Delaware, claiming a breach of the merger agreement regarding regulatory approval efforts. An expedited hearing is scheduled.

Why It Matters

The lawsuit indicates potential delays or complications in the merger between Desktop Metal and Nano Dimension, which can impact stock prices and investor confidence in both companies.

Source: Business Wire
Market Sentiment: Neutral
DM stock latest news image
Quick Summary

Nano Dimension Ltd. and Desktop Metal Inc. are closer to completing their merger following approval from Desktop Metal shareholders.

Why It Matters

The merger approval signals consolidation in the 3-D printing sector, potentially enhancing market share, innovation, and cost efficiencies, impacting stock valuations and future growth prospects.

Source: Market Watch
Market Sentiment: Positive
DM stock latest news image
Quick Summary

Nano Dimension has received approval from Desktop Metal shareholders for their merger, with 60% of the 33 million outstanding shares voting in favor.

Why It Matters

The approval of the merger between Nano Dimension and Desktop Metal signals consolidation in the 3D printing sector, potentially enhancing market position and innovation, impacting stock valuations.

Source: Business Wire
Market Sentiment: Neutral
DM stock latest news image
Quick Summary

Nano Dimension and Desktop Metal announced that ISS recommends Desktop Metal shareholders approve their merger agreement and related proposals, indicating positive support for the deal.

Why It Matters

The ISS endorsement for Desktop Metal's merger with Nano Dimension boosts investor confidence, potentially increasing stock value and attracting more institutional investments.

Source: Business Wire
Market Sentiment: Neutral
DM stock latest news image
Quick Summary

Continuum's Mar-M247 powder is now qualified for use on Desktop Metal's X25Pro binder jet 3D printer, enhancing its 3D printing material offerings.

Why It Matters

The qualification of Continuum's Mar-M247 powder for Desktop Metal's X25Pro enhances product offerings and potential market share in the 3D printing sector, signaling growth opportunities.

Source: Business Wire
Market Sentiment: Neutral

Frequently Asked Questions About DM Stock

What is Desktop Metal, Inc.'s (DM) stock forecast for 2025?

Based on our analysis of 12 Wall Street analysts, Desktop Metal, Inc. (DM) has a median price target of $5.00. The highest price target is $5.00 and the lowest is $5.00.

Is DM stock a good investment in 2025?

According to current analyst ratings, DM has 0 Buy ratings, 1 Hold ratings, and 0 Sell ratings. The stock is currently trading at $2.56. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for DM stock?

Wall Street analysts predict DM stock could reach $5.00 in the next 12 months. This represents a 95.3% increase from the current price of $2.56. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is Desktop Metal, Inc.'s business model?

The company generates revenue by designing, manufacturing, and selling a range of additive manufacturing solutions, including various 3D printing systems and materials tailored for multiple industries such as automotive, aerospace, and healthcare. Their diverse product offerings cater to different segments, from entry-level to high-speed industrial applications.

What is the highest forecasted price for DM Desktop Metal, Inc.?

The highest price target for DM is $5.00 from Josh Sullivan at Benchmark, which represents a 95.3% increase from the current price of $2.56.

What is the lowest forecasted price for DM Desktop Metal, Inc.?

The lowest price target for DM is $5.00 from Josh Sullivan at Benchmark, which represents a 95.3% increase from the current price of $2.56.

What is the overall DM consensus from analysts for Desktop Metal, Inc.?

The overall analyst consensus for DM is neutral. Out of 12 Wall Street analysts, 0 rate it as Buy, 1 as Hold, and 0 as Sell, with a median price target of $5.00.

How accurate are DM stock price projections?

Stock price projections, including those for Desktop Metal, Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.