Danimer Scientific (DNMR) Stock Forecast & Price Target

$5.08 -0.63 (-11.03%)

(As of 01:00 PM ET)

Danimer Scientific - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce

Based on 3 Analyst Ratings

Sell
1

Hold
2

Buy
0

Based on 3 Wall Street analysts who have issued ratings for Danimer Scientific in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 3 analysts, 1 has given a sell rating, and 2 have given a hold rating for DNMR.

Consensus Price Target

$13.83
172.31% Upside

According to the 3 analysts' twelve-month price targets for Danimer Scientific, the average price target is $13.83. The highest price target for DNMR is $32.00, while the lowest price target for DNMR is $4.00. The average price target represents a forecasted upside of 172.31% from the current price of $5.08.

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DNMR Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	0 Hold rating(s)
Sell	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$13.83	$37.33	$37.33	$120.00
Forecasted Upside	172.31% Upside	126.43% Upside	148.76% Upside	263.64% Upside
Consensus Rating	Reduce	Hold	Hold	Buy

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DNMR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

DNMR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Danimer Scientific Stock vs. The Competition

Type	Danimer Scientific	Industrial Products Companies	S&P 500
Consensus Rating Score	1.67	2.59	2.50
Consensus Rating	Reduce	Moderate Buy	Moderate Buy
Predicted Upside	159.05% Upside	40.85% Upside	9.87% Upside
News Sentiment Rating	Neutral News See Recent DNMR News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/21/2024	TD Cowen 4 of 5 stars	T. Boyes Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold	$40.00 ➝ $5.50	-3.51%
11/20/2024	Piper Sandler 2 of 5 stars		Downgrade	Neutral ➝ Underweight	$40.00 ➝ $4.00	-36.10%
5/22/2024	Jefferies Financial Group 2 of 5 stars		Downgrade	Buy ➝ Hold	$52.00 ➝ $32.00	+1.27%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 01:20 PM ET.

DNMR Forecast - Frequently Asked Questions

: According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Danimer Scientific is $13.83, with a high forecast of $32.00 and a low forecast of $4.00.
: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Danimer Scientific in the last year. There is currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" DNMR shares.
: According to analysts, Danimer Scientific's stock has a predicted upside of 172.31% based on their 12-month stock forecasts.
: Over the previous 90 days, Danimer Scientific's stock had 1 downgrade by analysts.
: Danimer Scientific has been rated by research analysts at Piper Sandler, and TD Cowen in the past 90 days.
: Analysts like Danimer Scientific less than other "industrial products" companies. The consensus rating for Danimer Scientific is Reduce while the average consensus rating for "industrial products" companies is Moderate Buy. Learn more on how DNMR compares to other companies.

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This page (NYSE:DNMR) was last updated on 11/21/2024 by MarketBeat.com Staff

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Danimer Scientific (DNMR) Stock Forecast & Price Target