A myriad of SPAC names has seemingly fallen out of favor. SPACs were producing triple-digit returns simply by rumors of mergers and announcing of definitive agreements; now, many of those companies that rose to the $20 and $30 range find themselves
Desktop Metal: High Risk, High Reward
Summary
- DM could find strong, accelerating growth within additive manufacturing as its addressable market expands, projected to grow to at least $54 billion by 2029.
- Acquisitions have broadened DM's materials and systems portfolios, giving it more potential end markets and potential customers for growth.
- DM is expected to grow revenues to $100 million in 2021, up from $16.5 million in 2020, and continue with high double-digit growth for multiple years.
- A high-growth, high-reward play comes with a high-risk profile, stemming from the execution risk that stems from hitting these growth targets.
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Analyst’s Disclosure:I/we have a beneficial long position in the shares of DM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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