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Proto Labs Inc has a consensus price target of $41.25 based on the ratings of 5 analysts. The high is $45 issued by Benchmark on May 29, 2024. The low is $34 issued by Craig-Hallum on May 6, 2024. The 3 most-recent analyst ratings were released by Cantor Fitzgerald, Cantor Fitzgerald, and Benchmark on July 30, 2024, June 5, 2024, and May 29, 2024, respectively. With an average price target of $44.33 between Cantor Fitzgerald, Cantor Fitzgerald, and Benchmark, there's an implied 51.00% upside for Proto Labs Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Proto Labs (NYSE:PRLB) was reported by Needham on August 5, 2024. The analyst firm set a price target for $0.00 expecting PRLB to fall to within 12 months (a possible -100.00% downside). 6 analyst firms have reported ratings in the last year.
The latest analyst rating for Proto Labs (NYSE:PRLB) was provided by Needham, and Proto Labs reiterated their hold rating.
The last upgrade for Proto Labs Inc happened on August 4, 2023 when Craig-Hallum raised their price target to $28. Craig-Hallum previously had a sell for Proto Labs Inc.
The last downgrade for Proto Labs Inc happened on November 4, 2022 when Craig-Hallum changed their price target from $42 to $20 for Proto Labs Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Proto Labs, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Proto Labs was filed on August 5, 2024 so you should expect the next rating to be made available sometime around August 5, 2025.
While ratings are subjective and will change, the latest Proto Labs (PRLB) rating was a reiterated with a price target of $0.00 to $0.00. The current price Proto Labs (PRLB) is trading at is $29.36, which is out of the analyst’s predicted range.
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