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Proto Labs Inc has a consensus price target of $40.75 based on the ratings of 5 analysts. The high is $45 issued by Benchmark on May 29, 2024. The low is $36 issued by Craig-Hallum on November 4, 2024. The 3 most-recent analyst ratings were released by Craig-Hallum, Cantor Fitzgerald, and Cantor Fitzgerald on November 4, 2024, November 4, 2024, and July 30, 2024, respectively. With an average price target of $40 between Craig-Hallum, Cantor Fitzgerald, and Cantor Fitzgerald, there's an implied -1.77% downside 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 Craig-Hallum on November 4, 2024. The analyst firm set a price target for $36.00 expecting PRLB to fall to within 12 months (a possible -11.59% downside). 9 analyst firms have reported ratings in the last year.
The latest analyst rating for Proto Labs (NYSE:PRLB) was provided by Craig-Hallum, and Proto Labs maintained 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 November 4, 2024 so you should expect the next rating to be made available sometime around November 4, 2025.
While ratings are subjective and will change, the latest Proto Labs (PRLB) rating was a maintained with a price target of $30.00 to $36.00. The current price Proto Labs (PRLB) is trading at is $40.72, which is out of the analyst’s predicted range.
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