DM - Desktop Metal: Investments In Technology And Recurring Revenue Streams May Imply More Than 41% Upside Potential

• Desktop Metal offers new additive manufacturing technologies based on the production of end-use parts. The company produces composite and metal systems for the automotive, heavy industry, and consumer goods sectors.
• Additional investments in reducing workflow complexity, software development, and hardware will most likely increase the adoption of additive manufacturing.
• Take into account that Desktop Metal is intending to replace industrial processes representing a target market of $12 trillion.
• If we use a free cash flow multiple of 40x, terminal FCF of $230 million, net debt close to $500 million, and a share count of 260 million, the implied share price is equal to $15.
• In my view, as more traders learn about DM's expectations, the demand for the stock will increase, which may push the share price up.

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