Proto Labs (NYSE:PRLB) Price Target Raised to $110.00

by · The Cerbat Gem

Proto Labs (NYSE:PRLB – Free Report) had its price objective lifted by Needham & Company LLC from $87.00 to $110.00 in a research report released on Friday, Marketbeat.com reports. The brokerage currently has a buy rating on the industrial products company’s stock.

PRLB has been the topic of several other research reports. Benchmark lifted their price objective on Proto Labs from $70.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Zacks Research lowered Proto Labs from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Weiss Ratings raised Proto Labs from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, October 16th. Finally, Wall Street Zen lowered shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $100.50.

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Proto Labs Stock Performance

NYSE PRLB opened at $85.69 on Friday. The firm has a 50-day simple moving average of $86.37 and a 200 day simple moving average of $78.71. Proto Labs has a twelve month low of $45.10 and a twelve month high of $99.96. The stock has a market cap of $2.05 billion, a PE ratio of 68.56 and a beta of 1.38.

Proto Labs (NYSE:PRLB – Get Free Report) last released its earnings results on Friday, July 31st. The industrial products company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.07. Proto Labs had a return on equity of 4.80% and a net margin of 5.44%. The business had revenue of $149.34 million for the quarter, compared to the consensus estimate of $144.53 million. During the same period last year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. Research analysts forecast that Proto Labs will post 1.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Proto Labs news, CFO Daniel Schumacher sold 5,000 shares of Proto Labs stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $95.32, for a total value of $476,600.00. Following the completion of the transaction, the chief financial officer owned 35,019 shares in the company, valued at approximately $3,338,011.08. The trade was a 12.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 10,000 shares of company stock worth $902,629. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Proto Labs

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Signaturefd LLC increased its stake in shares of Proto Labs by 240.0% in the third quarter. Signaturefd LLC now owns 527 shares of the industrial products company’s stock valued at $50,000 after buying an additional 372 shares in the last quarter. Inspire Investing LLC bought a new position in shares of Proto Labs in the third quarter valued at about $627,000. T3 Companies LLC bought a new position in shares of Proto Labs in the third quarter valued at about $275,000. Nisa Investment Advisors LLC raised its holdings in shares of Proto Labs by 51.5% in the third quarter. Nisa Investment Advisors LLC now owns 3,814 shares of the industrial products company’s stock valued at $362,000 after buying an additional 1,297 shares during the last quarter. Finally, Abel Hall LLC acquired a new position in Proto Labs during the 3rd quarter worth about $223,000. Institutional investors and hedge funds own 84.54% of the company’s stock.

About Proto Labs

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Proto Labs, Inc (NYSE: PRLB), operating as Protolabs, is a digital manufacturing company that provides rapid prototyping and on-demand production services. The company uses automated quoting and manufacturing systems to help engineers and product developers produce custom parts without relying on traditional, lengthy tooling and procurement processes.

Protolabs offers computer numerical control (CNC) machining, injection molding, 3D printing and sheet-metal fabrication. Its services support the development and production of components in a range of materials and are used across industries including automotive, aerospace, medical, electronics and consumer products.

Founded in 1999 by entrepreneur Larry Lukis, the company has expanded its reach beyond its original U.S.

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