Protolabs price target raised to $37.50 from $29 at Lake Street

Lake Street analyst Troy Jensen raised the firm’s price target on Protolabs to $37.50 from $29 and keeps a Buy rating on the shares ahead of the company reporting Q4 results on Friday, February 10. Conversations with industry contacts and feedback from recent industry survey work lead the firm to believe Q4 demand was slightly above expectations. Lake Street anticipates Proto Labs will report revenue in the mid-upper end of its $107M-$115M guidance and the firm anticipates Proto Labs will return to growth in a better economy.