Cantor Fitzgerald Maintains Overweight on Desktop Metal, Adjusts Price Target To $12.5 (reverse stock split 1:10)
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Troy Jensen maintains an Overweight rating on Desktop Metal (NYSE:DM) and adjusts the price target to $12.5 from $1.25 following a 1:10 reverse stock split.
June 11, 2024 | 6:33 pm
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Cantor Fitzgerald maintains an Overweight rating on Desktop Metal and adjusts the price target to $12.5 from $1.25 following a 1:10 reverse stock split.
The Overweight rating and significant price target adjustment indicate strong analyst confidence in Desktop Metal's future performance. The reverse stock split consolidates shares, potentially making the stock more attractive to institutional investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100