Do Analysts Expect Desktop Metal Inc (DM) Stock to Rise After It Is Up 52.83% in a Month?

InvestorsObserver is giving Desktop Metal Inc (DM) an Analyst Rating Rank of 52, meaning DM is ranked higher by analysts than 52% of stocks. The average price target for DM is $2.366 and analyst’s rate the stock as a Strong Buy.

Wall Street analysts are rating DM a Strong Buy today. Find out what this means to you and get the rest of the rankings on DM!

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Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Desktop Metal Inc Stock Today?

Desktop Metal Inc (DM) stock is trading at $0.81 as of 11:32 AM on Tuesday, Mar 26, an increase of $0.03, or 3.41% from the previous closing price of $0.78. The stock has traded between $0.81 and $0.84 so far today. Volume today is low. So far 1,084,137 shares have traded compared to average volume of 4,037,448 shares. Click Here to get the full Stock Report for Desktop Metal Inc stock.