Proto Labs, Inc. (PRLB)
NYSE: PRLB · IEX Real-Time Price · USD
31.23
-0.58 (-1.82%)
Apr 16, 2024, 10:15 AM EDT - Market open
Proto Labs Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Proto Labs stock have an average target of 38.33, with a low estimate of 28 and a high estimate of 45. The average target predicts an increase of 22.73% from the current stock price of 31.23.
Analyst Consensus: Strong Buy
* Price targets were last updated on Aug 7, 2023.
Analyst Ratings
The average analyst rating for Proto Labs stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Lake Street | Lake Street | Strong Buy Maintains $41 → $42 | Strong Buy | Maintains | $41 → $42 | +34.49% | Aug 7, 2023 |
| Craig-Hallum | Craig-Hallum | Strong Sell → Hold Upgrades $26 → $28 | Strong Sell → Hold | Upgrades | $26 → $28 | -10.34% | Aug 4, 2023 |
| Benchmark | Benchmark | Strong Buy Reiterates $45 | Strong Buy | Reiterates | $45 | +44.09% | May 26, 2023 |
| Lake Street | Lake Street | Strong Buy Maintains $40 → $41 | Strong Buy | Maintains | $40 → $41 | +31.28% | May 8, 2023 |
| Craig-Hallum | Craig-Hallum | Strong Sell Maintains $20 → $25 | Strong Sell | Maintains | $20 → $25 | -19.95% | Feb 13, 2023 |
Financial Forecast
Revenue This Year
526.66M
from 503.88M
Increased by 4.52%
Revenue Next Year
552.13M
from 526.66M
Increased by 4.84%
EPS This Year
1.63
from 0.66
Increased by 147.62%
EPS Next Year
1.79
from 1.63
Increased by 9.64%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 553.0M | 587.9M |
| Avg | 526.7M | 552.1M |
| Low | 501.3M | 521.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 9.8% | 11.6% |
| Avg | 4.5% | 4.8% |
| Low | -0.5% | -1.1% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 1.70 | 1.87 |
| Avg | 1.63 | 1.79 |
| Low | 1.54 | 1.69 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 157.7% | 14.4% |
| Avg | 147.6% | 9.6% |
| Low | 133.1% | 3.1% |
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.