Proto Labs, Inc. (PRLB)
NYSE: PRLB · IEX Real-Time Price · USD
32.61
-0.24 (-0.73%)
At close: Jul 19, 2024, 4:00 PM
32.63
+0.02 (0.06%)
After-hours: Jul 20, 2024, 12:57 PM EDT
Proto Labs Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Proto Labs stock have an average target of 41, with a low estimate of 34 and a high estimate of 45. The average target predicts an increase of 25.73% from the current stock price of 32.61.
Analyst Consensus: Buy
* Price targets were last updated on Jun 5, 2024.
Analyst Ratings
The average analyst rating for Proto Labs stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 1 | 1 |
| Hold | 1 | 1 | 1 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Initiates $44 | Buy | Initiates | $44 | +34.93% | Jun 5, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $45 | Strong Buy | Reiterates | $45 | +37.99% | May 29, 2024 |
| Craig-Hallum | Craig-Hallum | Hold Maintains $38 → $34 | Hold | Maintains | $38 → $34 | +4.26% | May 6, 2024 |
| Needham | Needham | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | May 6, 2024 |
| Lake Street | Lake Street | Strong Buy Maintains $41 → $42 | Strong Buy | Maintains | $41 → $42 | +28.79% | Aug 7, 2023 |
Financial Forecast
Revenue This Year
522.68M
from 503.88M
Increased by 3.73%
Revenue Next Year
546.95M
from 522.68M
Increased by 4.64%
EPS This Year
1.57
from 0.66
Increased by 137.38%
EPS Next Year
1.69
from 1.57
Increased by 8.07%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 540.3M | 572.3M |
| Avg | 522.7M | 547.0M |
| Low | 500.3M | 516.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 7.2% | 9.5% |
| Avg | 3.7% | 4.6% |
| Low | -0.7% | -1.2% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 1.68 | 1.80 |
| Avg | 1.57 | 1.69 |
| Low | 1.47 | 1.55 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 154.5% | 14.6% |
| Avg | 137.4% | 8.1% |
| Low | 122.7% | -1.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.