$0.835
-0.0196[-2.29%]
At close: Apr 24
$0.835
0[0.00%]
After Hours: 7:30PM EDT
Desktop Metal
(NYSE:DM)Desktop Metal Stock (NYSE:DM), Analyst Ratings, Price Targets, Predictions
Desktop Metal Inc has a consensus price target of $2.88, established from looking at the 12 latest analyst ratings. The last 3 analyst ratings were released from Cantor Fitzgerald, Benchmark, and Credit Suisse on February 28, 2024, May 26, 2023, and May 11, 2023. With an average price target of $2.75 between Cantor Fitzgerald, Benchmark, and Credit Suisse, there's an implied 229.34% upside for Desktop Metal Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Cantor Fitzgerald
Benchmark
Credit Suisse
Morgan Stanley
Morgan Stanley
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Desktop Metal
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 02/28/2024 | DM | Buy Now | Desktop Metal | $0.83 | 49.7% | Cantor Fitzgerald | Troy Jensen | → $1.25 | Initiates | → Overweight | Get Alert |
| 05/26/2023 | DM | Buy Now | Desktop Metal | $0.83 | 498.8% | Benchmark | Josh Sullivan | → $5 | Reiterates | Buy → Buy | Get Alert |
| 05/11/2023 | DM | Buy Now | Desktop Metal | $0.83 | 139.52% | Credit Suisse | Shannon Cross | $2.2 → $2 | Maintains | Neutral | Get Alert |
| 03/06/2023 | DM | Buy Now | Desktop Metal | $0.83 | 163.47% | Credit Suisse | Shannon Cross | → $2.2 | Reiterates | → Neutral | Get Alert |
| 03/03/2023 | DM | Buy Now | Desktop Metal | $0.83 | 127.54% | Morgan Stanley | Dmitry Silversteyn | $1.75 → $1.9 | Maintains | Overweight | Get Alert |
| 01/06/2023 | DM | Buy Now | Desktop Metal | $0.83 | 109.58% | Morgan Stanley | Joshua Pokrzywinski | → $1.75 | Initiates | → Equal-Weight | Get Alert |
| 12/16/2022 | DM | Buy Now | Desktop Metal | $0.83 | — | JP Morgan | Paul Chung | — | Initiates | → Neutral | Get Alert |
| 11/10/2022 | DM | Buy Now | Desktop Metal | $0.83 | 175.45% | Credit Suisse | Shannon Cross | $2.7 → $2.3 | Maintains | Neutral | Get Alert |
| 08/17/2022 | DM | Buy Now | Desktop Metal | $0.83 | 235.33% | Credit Suisse | Shannon Cross | → $2.8 | Initiates | → Neutral | Get Alert |
| 11/16/2021 | DM | Buy Now | Desktop Metal | $0.83 | — | Cross Research | Shannon Cross | — | Downgrade | Buy → Hold | Get Alert |
| 10/08/2021 | DM | Buy Now | Desktop Metal | $0.83 | — | Oppenheimer | — | — | Initiates | → Perform | Get Alert |
| 06/25/2021 | DM | Buy Now | Desktop Metal | $0.83 | 1576.65% | Credit Suisse | Matthew Cabral | — | Initiates | → Neutral | Get Alert |
FAQ
What is the target price for Desktop Metal (DM)?
The latest price target for Desktop Metal (NYSE: DM) was reported by Cantor Fitzgerald on February 28, 2024. The analyst firm set a price target for $1.25 expecting DM to rise to within 12 months (a possible 49.70% upside). 3 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Desktop Metal (DM)?
The latest analyst rating for Desktop Metal (NYSE: DM) was provided by Cantor Fitzgerald, and Desktop Metal initiated their overweight rating.
When was the last upgrade for Desktop Metal (DM)?
There is no last upgrade for Desktop Metal.
When was the last downgrade for Desktop Metal (DM)?
The last downgrade for Desktop Metal Inc happened on November 16, 2021 when Cross Research changed their price target from N/A to N/A for Desktop Metal Inc.
When is the next analyst rating going to be posted or updated for Desktop Metal (DM)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Desktop Metal, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Desktop Metal was filed on February 28, 2024 so you should expect the next rating to be made available sometime around February 28, 2025.
Is the Analyst Rating Desktop Metal (DM) correct?
While ratings are subjective and will change, the latest Desktop Metal (DM) rating was a initiated with a price target of $0.00 to $1.25. The current price Desktop Metal (DM) is trading at is $0.84, which is within the analyst’s predicted range.
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