Wall Street is positive on Desktop Metal Inc (DM). On average, analysts give the stock a Buy rating. The average price target is $3.966, which means analysts expect the stock to climb by 86.20% over the next twelve months.
That average ranking earns the stock an Analyst Rating of 26, which is better than 26% of stocks based on data compiled by InvestorsObserver.
Wall Street analysts are rating DM a Buy today. Find out what this means to you and get the rest of the rankings on DM!
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 unmoved 0.23% while the S&P 500 has fallen -0.53% as of 11:42 AM on Friday, Mar 24. DM is unmoved $0.00 from the previous closing price of $2.13 on volume of 1,188,225 shares. Over the past year the S&P 500 is down -13.11% while DM has fallen -56.71%. DM lost -$2.35 per share the over the last 12 months.
Click Here to get the full Stock Report for Desktop Metal Inc stock.
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