PRNT - Proto Labs Positioned For Growth: Analyst Predicts Strong Gains Amid Digital Manufacturing Surge | Benzinga
Cantor Fitzgerald analyst Troy Jensen initiated coverage on Proto Labs, Inc. (NYSE:PRLB) with an Overweight rating and price target of $44.00.
The analyst writes that the company is well-placed to capitalize on a growing market and capture increased growth in production applications. With its hybrid business model offering in-house manufacturing and a network of suppliers, Proto Labs stands out in the digital manufacturing market, says the analyst.
Proto Labs is primed to benefit from the ongoing shift towards digital manufacturing, and its entirely digital end-to-end manufacturing service resonates with customers, offering a wide range ...