Multi-point stretch forming (MPSF) is a new flexible forming technique to form aircraft outer skin parts. The multi-point stretching die (MPSD) replaces the traditional fixed shape stretching die, and the sheet metal is formed over a MPSD composed by the punch element. The MPSD is a discontinuous surface of discrete stretching die, and the stress concentration and local strain occur on formed parts. These lead to generate dimples on the surface of formed part. In this paper, a series of numerical simulations on MPSF processes for stretching parabolic cylindrical, spherical, and saddle-shaped parts were carried out. The local stress and local strain in thickness distribution of MPSF part were analyzed by dispersed the blank into solid elements. The forming results of MPSF were compared with those that use traditional stretch forming, and the influences of thickness of elastic cushion and the size of punch element on the stress concentration and local strain were surveyed. The simulation results show the distribution of local stress and local deformation in different layers, and the elastic cushion and the small size of punch element can reduce the stress concentration and local deformation. The results may understand the stress distribution on the sheet and prevent the defect of dimple.