Proto Labs Positioned For Growth: Analyst Predicts Strong Gains Amid Digital Manufacturing Surge
Proto Labs Positioned For Growth: Analyst Predicts Strong Gains Amid Digital Manufacturing Surge
The analyst expects pent-up industry demand led by improving economic conditions and factors like declining interest rates and a more favorable economic environment are expected to drive growth reacceleration in the digital manufacturing sector.Cantor Fitzgerald analyst Troy Jensen initiated coverage on Proto Labs, Inc. (NYSE:PRLB) with an Overweight rating and price target of $44.00.
Cantor Fitzgerald分析師Troy Jensen開始覆蓋Proto Labs股票，評級爲超配，並且給出44.00美元的目標價。
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.
分析師寫道，該公司有良好的機會利用不斷增長的市場和生產應用的增加而獲得好處。分析師指出，Proto Labs的混合業務模式提供了內部製造和供應商網絡，使其在數字製造市場中脫穎而出。
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 of capabilities, says the analyst.
Proto Labs已經做好了從傳統制造向數字製造的轉型，並且分析師認爲其完全數字化的端到端製造服務符合客戶的需求，具有廣泛的能力。
The analyst expects pent-up industry demand led by improving economic conditions and factors like declining interest rates and a more favorable economic environment are expected to drive growth reacceleration in the digital manufacturing sector.
分析師預計，隨着經濟條件的改善以及利率下降和更加有利的經濟環境等因素的推動，積壓行業需求將帶動數字製造板塊的增長再加速。
The analyst notes that Proto Labs' near-term focus on growing revenues and expanding margins should benefit PRLB shares.
分析師指出，Proto Labs短期內重點放在增加營收和擴大利潤率，這將使PRLB股票受益。
The analyst's industry survey indicates a promising outlook for 2024, with around 91% of service bureaus expecting year-over-year revenue growth.
分析師的行業調查顯示，到2024年，大約有91%的服務局預計年度營收增長。
The analyst estimates EPS of $1.50 in FY24 and $1.71 in FY25.
分析師預計FY24的EPS爲1.50美元，FY25的EPS爲1.71美元。
Investors can gain exposure to the stock via 3D Printing (The) ETF (BATS:PRNT) and Pacer BlueStar Engineering The Future ETF (NASDAQ:BULD).
投資者可以通過3D打印ETF（BATS: PRNT）和Pacer BlueStar Engineering ETF（NASDAQ: BULD）來獲得該股票的曝光度。
Also Read: Proto Labs Scores First-Quarter Beat, Fueled By Order Growth, Higher-Margin Factory Business
另請閱讀Proto Labs實現了第一季度業績超預期，受訂單增長和高利潤工廠業務的推動。
Price Action: PRLB shares are up 4.95% at $31.82 at the last check Wednesday.
股票市場價格：PRLB股票在上週三最後一次查看時上漲了4.95%，報31.82美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本文部分內容使用了Benzinga Neuro的幫助。此內容是通過AI工具部分製作的，並由Benzinga編輯進行了審查和發佈。
譯文內容由第三人軟體翻譯。