5 Best 3D Printing Stocks To Buy Now

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In this article, we will discuss the 5 best 3D printing stocks to buy now. If you want to read our discussion on the 3D printing industry’s growth prospects, go directly to the 10 Best 3D Printing Stocks To Buy Now.

5. Proto Labs, Inc. (NYSE:PRLB)

Number of Hedge Fund Holders: 17

Stock Price as of July 29: $48.89

Proto Labs, Inc. (NYSE:PRLB) is a Maple Plain, Minnesota-based 3D printing company involved in providing customized prototypes and low-volume production components. The company manufactures parts for the appliances, automotive, consumer electronics, and medical devices industries.

On May 9, Greg Palm at Craig-Hallum gave Proto Labs, Inc. (NYSE:PRLB) stock a target price of $50 with a Hold rating. Palm is analyzing the company’s post-Covid-19 growth strategy before adopting a more bullish view of the stock. Proto Labs, Inc. (NYSE:PRLB) is expected to release its Q2 2022 results on August 5. Analysts are anticipating the company to report revenue and adjusted EPS of $127.28 million and 39 cents, respectively. Proto Labs, Inc. (NYSE:PRLB) has a strong history of outperforming EPS estimates as it has done so in the last seven out of eight quarters.

Overall, 17 hedge funds held a cumulative stake worth over $106 million in Proto Labs, Inc. (NYSE:PRLB) at the end of Q1 2022.

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