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Jefferies assigns initial Hold rating to Proto Labs

  • Jefferies assigns a first time Hold rating to Proto Labs (PRLB), stating a positive outlook for its long-term model. The price target has been set to $32.
Comments (1)
  • Medguy
    , contributor
    Comments (81) | Send Message
     
    Stock is trading near $77 and their price target is $32.
    Either a mistake or Jefferies (usually good analysis) are really wrong.

     

    Vicki Holt is right person at right time to take over CEO role and lead this company to $1 billion in next decade. New technologies being offered and more to come in next 3 years address a very large global market with superb business model. Superb customer feedback, excellent balance sheet and income statement model.

     

    Quarter to quarter visibility is primary risk as company has no real backlog and some incremental expenses in markeing and infrastructure will be present in next 24 months BUT expanding offerings will diversity and grow base.

     

    A bad market week and some new noise about indstrial production could maybe in short term bring stock down to $70 level but 12 months target will prove closer to $100. Down side 10%? Upside 30%. A true growth company with superior management at all levels and a strong moat from proprietary disruptive technology. Great customer solutions. A great holding for our kids and grandkids.

     

    Wm Blair has excellent reports available and June 12 note from PRLB's presentation at annual Blair Growth Conference.
    20 Jun 2014, 09:25 AM Reply Like
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