Proto Labs (NASDAQ: PRLB) had its target price boosted by Needham & Company from $40.00 to $60.00 in a report released on Wednesday. Needham & Company currently has a buy rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a hold rating on shares of Proto Labs in a research note to investors on Wednesday. They now have a $50.00 price target on the stock, up previously from $40.00. Analysts at Zacks downgraded shares of Proto Labs from an outperform rating to a neutral rating in a research note to investors on Wednesday, December 26th. They now have a $40.60 price target on the stock.
One analyst has rated the stock with a buy rating, and three have assigned a hold rating to the company’s stock. The company presently has an average rating of hold and a consensus target price of $41.50.
Proto Labs opened at 48.47 on Wednesday. Proto Labs has a 1-year low of $24.93 and a 1-year high of $53.91. The stock’s 50-day moving average is currently $41.22. The company has a market cap of $1.183 billion and a price-to-earnings ratio of 59.25.
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