Desktop Metal Inc. (DM) Social Stream
DESKTOP METAL INC (DM) Price Targets From Analysts
The tables below show price targets and recommendations from analysts covering DESKTOP METAL INC.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Current Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-08-11 | 5 | $22 | $11 | $17.5 | $2.13 | 721.6% |
| 2021-11-16 | 6 | $22 | $11 | $15.25 | $2.13 | 615.96% |
| 2021-12-08 | 5 | $16 | $11 | $12.666 | $2.13 | 494.65% |
| 2022-03-07 | 5 | $16 | $11 | $12.666 | $2.13 | 494.65% |
| 2022-03-16 | 5 | $16 | $6 | $11 | $2.13 | 416.43% |
| 2022-04-14 | 5 | $13 | $6 | $9.5 | $2.13 | 346.01% |
| 2022-05-27 | 4 | $7 | $6 | $6.5 | $2.13 | 205.16% |
| 2022-08-12 | 4 | $7 | $5 | $6 | $2.13 | 181.69% |
| 2023-01-06 | 2 | $7 | $1.75 | $4.583 | $2.13 | 115.16% |
The Trend in the Analyst Price Target
Over the past 21 months, DM's average price target has gone down $20.02.
DM reports an average of 155.86% for its upside potential over the past 44 weeks.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2022-03-07 | 5 | 16 | 11.00 | 12.666 | 3.54 | 257.8% |
| 2022-04-14 | 5 | 13 | 6.00 | 9.500 | 4.26 | 123% |
| 2022-08-12 | 2 | 7 | 5.00 | 6.000 | 3.34 | 79.64% |
| 2022-08-12 | 1 | 7 | 5.00 | 6.000 | 3.34 | 79.64% |
| 2023-01-06 | 2 | 7 | 1.75 | 4.583 | 1.42 | 222.75% |
DM Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 3 | 0 | 0 | 2 | 0 | 0 | 2 |
The Trend in the Broker Recommendations
DM's average broker recommendation rating worsened by 0.4 over the prior 17 months.
The points below can provide you with additional insight regarding what the price target and recommendations metrics in the table above mean for investors.
- In terms of how DESKTOP METAL INC fares relative to Machinery stocks, note that its upside potential (average analyst target price relative to current price) is higher than 1530.69% of that group.
- DESKTOP METAL INC's average analyst price target is greater than 112.76% of Machinery stocks.
- To contextualize these metrics, consider that out of Technology stocks, DESKTOP METAL INC's number of analysts covering the stock is higher than 216.05% of them.
- DM has a lower variance in analysts' estimates than -995.1% of Machinery stocks.
In terms of price targets and recommendations offered by analysts, the stocks in the Machinery industry with the ratings most similar to DESKTOP METAL INC are ACMR, ACLS, and VECO.
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