$5.21
-0.12-2.25%
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Desktop Metal
DMNYSE
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Desktop Metal (NYSE:DM) Stock, Analyst Ratings, Price Targets, Forecasts
Desktop Metal Inc has a consensus price target of $3.23 based on the ratings of 9 analysts. The high is $5.5 issued by Cantor Fitzgerald on July 8, 2024. The low is $1.75 issued by Morgan Stanley on January 6, 2023. The 3 most-recent analyst ratings were released by Cantor Fitzgerald on July 8, 2024, June 11, 2024, and February 28, 2024, respectively. With an average price target of $6.42 between Cantor Fitzgerald, there's an implied 29.73% upside for Desktop Metal Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Cantor Fitzgerald
Benchmark
Credit Suisse
Morgan Stanley
Morgan Stanley
1calculated from analyst ratings
Analyst Ratings for Desktop Metal
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 07/08/2024 | Buy Now | 11.2% | Cantor Fitzgerald | Troy Jensen | $12.5 → $5.5 | Downgrade | Overweight → Neutral | Get Alert |
| 07/01/2024 | Buy Now | — | Craig-Hallum | — | $10 → $4 | Maintains | Hold | Get Alert |
| 06/11/2024 | Buy Now | 152.73% | Cantor Fitzgerald | Troy Jensen | $1.25 → $12.5 | Maintains | Overweight | Get Alert |
| 02/28/2024 | Buy Now | -74.73% | Cantor Fitzgerald | Troy Jensen | → $12.5 | Initiates | → Overweight | Get Alert |
| 05/26/2023 | Buy Now | 1.09% | Benchmark | Josh Sullivan | → $50 | Reiterates | Buy → Buy | Get Alert |
| 05/11/2023 | Buy Now | -59.56% | Credit Suisse | Shannon Cross | $22 → $20 | Maintains | Neutral | Get Alert |
| 03/06/2023 | Buy Now | -55.52% | Credit Suisse | Shannon Cross | → $22 | Reiterates | → Neutral | Get Alert |
| 03/03/2023 | Buy Now | -61.59% | Morgan Stanley | Dmitry Silversteyn | $17.5 → $19 | Maintains | Overweight | Get Alert |
| 01/06/2023 | Buy Now | -64.62% | Morgan Stanley | Joshua Pokrzywinski | → $17.5 | Initiates | → Equal-Weight | Get Alert |
| 12/16/2022 | Buy Now | — | JP Morgan | Paul Chung | — | Initiates | → Neutral | Get Alert |
| 11/10/2022 | Buy Now | -53.5% | Credit Suisse | Shannon Cross | $27 → $23 | Maintains | Neutral | Get Alert |
| 08/17/2022 | Buy Now | -43.39% | Credit Suisse | Shannon Cross | → $28 | Initiates | → Neutral | Get Alert |
| 11/16/2021 | Buy Now | — | Cross Research | Shannon Cross | — | Downgrade | Buy → Hold | Get Alert |
| 10/08/2021 | Buy Now | — | Oppenheimer | — | — | Initiates | → Perform | Get Alert |
FAQ
What is the target price for Desktop Metal (DM) stock?
The latest price target for Desktop Metal (NYSE:DM) was reported by Cantor Fitzgerald on July 8, 2024. The analyst firm set a price target for $5.50 expecting DM to rise to within 12 months (a possible 5.57% upside). 4 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 downgraded their neutral 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 July 8, 2024 when Cantor Fitzgerald changed their price target from $12.5 to $5.5 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 July 8, 2024 so you should expect the next rating to be made available sometime around July 8, 2025.
Is the Analyst Rating Desktop Metal (DM) correct?
While ratings are subjective and will change, the latest Desktop Metal (DM) rating was a downgraded with a price target of $12.50 to $5.50. The current price Desktop Metal (DM) is trading at is $5.21, which is out of the analyst’s predicted range.
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