Proto Labs (PRLB) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Proto Labs in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PRLB shares.
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3 Wall Street research analysts have issued 1-year price targets for Proto Labs' shares. Their PRLB share price forecasts range from $28.00 to $45.00. On average, they anticipate the company's stock price to reach $38.33 in the next twelve months. This suggests a possible upside of 45.2% from the stock's current price.
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Proto Labs' stock was trading at $25.53 on January 1st, 2023. Since then, PRLB shares have increased by 3.4% and is now trading at $26.40.
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Proto Labs saw a increase in short interest in August. As of August 31st, there was short interest totaling 885,900 shares, an increase of 21.0% from the August 15th total of 732,300 shares. Based on an average trading volume of 174,100 shares, the short-interest ratio is currently 5.1 days. Currently, 3.4% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 3rd 2023.
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Proto Labs, Inc. (NYSE:PRLB) announced its quarterly earnings results on Friday, August, 4th. The industrial products company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The industrial products company had revenue of $122.30 million for the quarter, compared to analyst estimates of $123.88 million. Proto Labs had a negative net margin of 22.42% and a negative trailing twelve-month return on equity of 15.15%. The firm's revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 earnings per share.

ETFs with the largest weight of Proto Labs (NYSE:PRLB) stock in their portfolio include 3D Printing ETF (PRNT), Cultivar ETF (CVAR), Pacer BlueStar Engineering the Future ETF (BULD), Gabelli Automation ETF (GAST), First Trust RBA American Industrial Renaissance ETF (AIRR), SoFi Be Your Own Boss ETF (BYOB) and SoFi Be Your Own Boss ETF (GIGE).First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT).

Proto Labs updated its third quarter 2023 earnings guidance on Friday, August, 4th. The company provided earnings per share (EPS) guidance of $0.26-$0.34 for the period, compared to the consensus EPS estimate of $0.32. The company issued revenue guidance of $118.00 million-$126.00 million, compared to the consensus revenue estimate of $124.08 million.

90 employees have rated Proto Labs Chief Executive Officer Victoria Holt on Glassdoor.com. Victoria Holt has an approval rating of 97% among the company's employees. This puts Victoria Holt in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Proto Labs investors own include NVIDIA (NVDA), Tesla (TSLA), Brainstorm Cell Therapeutics (BCLI), Netflix (NFLX), Gilead Sciences (GILD), QUALCOMM (QCOM), Xilinx (XLNX), Advanced Micro Devices (AMD), Walt Disney (DIS) and Block (SQ).

Proto Labs trades on the New York Stock Exchange (NYSE) under the ticker symbol "PRLB."

Shares of PRLB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PRLB stock can currently be purchased for approximately $26.40.

Proto Labs (NYSE:PRLB) has a market capitalization of $688.78 million and generates $488.40 million in revenue each year. The industrial products company earns $-103,460,000.00 in net income (profit) each year or ($4.01) on an earnings per share basis.

The company employs 2,568 workers across the globe.

Proto Labs' mailing address is 5540 Pioneer Creek Drive, Maple Plain MN, 55359. The official website for the company is www.protolabs.com. The industrial products company can be reached via phone at (763) 479-3680, via email at daniel.schumacher@protolabs.com, or via fax at 763-479-2679.