Protolabs Expands CNC Machining Offer Through Its Global Digital Manufacturing Partner Network

Go back to Protolabs Expands CNC Machining Offer Through Its Global Digital Manufacturing Partner Network

Benchmark Upgrades Proto Labs (PRLB) to Buy, '4Q22 Earnings, Forward Guidance Both Positive'

February 13, 2023 6:21 AM EST

Benchmark analyst Robert Wasserman upgraded Proto Labs (NYSE: PRLB) from Hold to Buy with a price target of $45.00.

THe analyst comments "Proto Labs reported better-than-expected financial results for their 4Q22, including revenues of $115.6 million, down 6.5% year-over-year, and nonGAAP earnings of $0.26 per share. Our estimates... More