PRLB Similar Chart Price Prediction
The price of PRLB is predicted to go up -7.31%, based on the high correlation periods with STM. The similarity of these two price pattern on the periods is 97.65%.
PRLB
STM
Down: -7.31%Similarity: 97.65%
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PRLB Analyst's Forecast
Greg Palm
Craig-Hallum
Hold
2024-11-04
Price Target
$30 → $36
Upside
+6.32%
Craig-Hallum raised the firm's price target on Protolabs to $36 from $30 and keeps a Hold rating on the shares. The firm says Proto Labs reported surprisingly strong Q3 results, with metrics beating expectations across the board as activity rebounded moderately in August/September and the Network offering continues year-over-year growth along with strong gross margin performance. While Craig-Hallum applauds the internal improvements and has a more optimistic view on the stock, there is still uncertainty in the overall demand environment, which keeps the firm on the sidelines for now.
