Is Desktop Metal Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 2 Wall Street analysts covering (NYSE: DM) stock is to Buy DM stock.
Out of 2 analysts, 1 (50%) are recommending DM as a Strong Buy, 0 (0%) are recommending DM as a Buy, 1 (50%) are recommending DM as a Hold, 0 (0%) are recommending DM as a Sell, and 0 (0%) are recommending DM as a Strong Sell.
What is DM's forecast return on equity (ROE) for 2023-2026?
(NYSE: DM) forecast ROE is N/A, which is considered weak.
What is DM's Price Target?
According to 2 Wall Street analysts that have issued a 1 year DM price target, the average DM price target is $3.50, with the highest DM stock price forecast at $5.00 and the lowest DM stock price forecast at $2.00.
On average, Wall Street analysts predict that Desktop Metal's share price could reach $3.50 by May 26, 2024. The average Desktop Metal stock price prediction forecasts a potential upside of 143.06% from the current DM share price of $1.44.
What is DM's forecast return on assets (ROA) for 2023-2026?
(NYSE: DM) forecast ROA is N/A, which is lower than the forecast US Computer Hardware industry average of 12.93%.
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