Craig-Hallum analyst Greg Palm maintained a Hold rating on Proto Labs (PRLB – Research Report) today. The company’s shares closed yesterday at $31.36.
Palm covers the Technology sector, focusing on stocks such as Faro Technologies, nLIGHT, and Markforged Holding. According to TipRanks, Palm has an average return of 9.3% and a 51.92% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Proto Labs with a $45.00 average price target.
Based on Proto Labs’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $125.05 million and a net profit of $6.99 million. In comparison, last year the company earned a revenue of $115.61 million and had a GAAP net loss of $115.07 million
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Proto Labs (PRLB) Company Description:
Proto Labs, Inc. engages in the digital manufacture of custom prototypes and production parts. It offers 3D printing, CNC machining, and injection molding services. The company was founded by Lawrence J. Lukis and Gregg Bloom on May 5, 1999 and is headquartered in Maple Plain, MN.
