
Desktop Metal (DM) Stock Forecast & Price Target
Desktop Metal (DM) Analyst Ratings
Bulls say
Desktop Metal Inc. is positioned for positive growth, driven by anticipated expansion in 3D metal printing, which is projected to grow to $5.9 billion by 2030, increasing its market share to 58%. Additionally, the additive manufacturing materials market is expected to reach $11.1 billion by 2030, indicating a robust growth trajectory that could outpace the equipment sector. With ongoing pent-up demand and the increasing adoption of Desktop Metal’s solutions for mass production, revenue growth and profitability are expected to accelerate in 2024 and beyond, despite the current low share prices.
Bears say
Desktop Metal Inc. has adjusted its 2023 revenue guidance downward to a range of $187 million to $207 million, reflecting a 16% decline compared to previous projections. The company reported a year-over-year revenue decrease of 9%, totaling $42.8 million, which was attributed to reduced unit sales despite gains in higher-margin product offerings and servicing revenue. Overall, the persistent lack of profitability, negative cash flows, and macroeconomic factors such as recessionary fears and higher interest rates have contributed to a challenging environment for Desktop Metal and its industry peers, leading to a notable decline in stock performance.
This aggregate rating is based on analysts' research of Desktop Metal and is not a guaranteed prediction by Public.com or investment advice.
Desktop Metal (DM) Analyst Forecast & Price Prediction
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