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 sell rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PRLB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PRLB, but not buy additional shares or sell existing shares.
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3 Wall Street analysts have issued twelve-month price targets for Proto Labs' stock. Their PRLB share price forecasts range from $25.00 to $45.00. On average, they expect the company's share price to reach $36.67 in the next twelve months. This suggests a possible upside of 19.2% from the stock's current price.
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Proto Labs' stock was trading at $25.53 at the beginning of the year. Since then, PRLB shares have increased by 20.5% and is now trading at $30.76.
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The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
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Proto Labs, Inc. (NYSE:PRLB) announced its quarterly earnings results on Thursday, October, 28th. The industrial products company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.43 by $0.08. The industrial products company had revenue of $125.34 million for the quarter, compared to analyst estimates of $127.32 million. Proto Labs had a negative trailing twelve-month return on equity of 14.06% and a negative net margin of 21.61%. The business's revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS.

ETFs with the largest weight of Proto Labs (NYSE:PRLB) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), 3D Printing ETF (PRNT), Cultivar ETF (CVAR), Pacer BlueStar Engineering the Future ETF (BULD), Gabelli Automation ETF (GAST), ALPS Disruptive Technologies ETF (DTEC), iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) and First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT).

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."

Proto Labs' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (17.92%), State Street Corp (4.44%), Dimensional Fund Advisors LP (3.19%), Brown Capital Management LLC (2.60%), First Trust Advisors LP (2.07%) and Geode Capital Management LLC (1.98%). Insiders that own company stock include Arthur R Baker III, John B Goodman, Rainer Gawlick, Robert Bodor, Sven Wehrwein and Victoria M Holt.
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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 $30.76.

Proto Labs (NYSE:PRLB) has a market capitalization of $805.91 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 ($3.91) 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.