Proto Labs Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for Proto Labs stock have an average target of 40.33, with a low estimate of 36 and a high estimate of 45. The average target predicts an increase of 15.33% from the current stock price of 34.97.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$36	$40.33	$40	$45
Change	+2.95%	+15.33%	+14.38%	+28.68%

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	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	1	1	1	1	1	1
Buy	1	1	1	1	1	1
Hold	2	2	2	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	4	4	4	4	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Greg Palm Craig-Hallum	Craig-Hallum	Hold Maintains $30 → $36	Hold	Maintains	$30 → $36	+2.95%	Nov 4, 2024
Troy Jensen Cantor Fitzgerald	Cantor Fitzgerald	Buy Reiterates $40	Buy	Reiterates	$40	+14.38%	Nov 4, 2024
James Ricchiuti Needham	Needham	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	Nov 1, 2024
James Ricchiuti Needham	Needham	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	Aug 5, 2024
Troy Jensen Cantor Fitzgerald	Cantor Fitzgerald	Buy Reiterates $44	Buy	Reiterates	$44	+25.82%	Jul 30, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

504.80M

from 503.88M

0.18%

from 503.88M

Revenue Next Year

523.17M

from 504.80M

3.64%

from 504.80M

EPS This Year

1.43

from 0.66

116.72%

from 0.66

EPS Next Year

1.51

from 1.43

6.03%

from 1.43

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025
Revenue	458.73M	434.40M	488.10M	488.40M	503.88M	504.80M	523.17M
Revenue Growth	2.95%	-5.30%	12.36%	0.06%	3.17%	0.18%	3.64%
EPS	2.35	1.89	1.21	-3.77	0.66	1.43	1.51
EPS Growth	-16.37%	-19.57%	-36.07%	-	-	116.72%	6.03%
Forward PE	-	-	-	-	-	24.54	23.14
No. Analysts	-	-	-	-	-	7	6

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025
High	523.9M	549.7M
Avg	504.8M	523.2M
Low	480.6M	488.7M

Revenue Growth

Revenue Growth	2024	2025
High	4.0%	8.9%
Avg	0.2%	3.6%
Low	-4.6%	-3.2%

EPS Forecast

EPS	2024	2025
High	1.53	1.74
Avg	1.43	1.51
Low	1.30	1.30

EPS Growth

EPS Growth	2024	2025
High	133.1%	22.3%
Avg	116.7%	6.0%
Low	98.2%	-8.5%

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.