Why This 3D Printing Stock Jumped Nearly 9% in October – After Rising 12% in September
Shares of Proto Labs (NYSE: PRLB), a quick-turn contract manufacturer with a growing 3D-printing business, jumped 8.7% in October, according to data from S&P Global Market Intelligence.
For some context, the S&P 500 returned 2.3% in the month, while shares of the two largest publicly traded 3D-printing players, 3D Systems and Stratasys, declined 7.5% and 2.6%, respectively.
Proto Labs stock has gained a whopping 65% so far in 2017, through Nov. 10, versus the broader market's 17.3% return. It's risen 45% since I called it the best stock to buy in the 3D-printing space earlier this year.
Source: Fool.com
Proto Labs Inc. Stock
€29.78
1.160%
Our community is currently high on Proto Labs Inc. with 3 Buy predictions and 0 Sell predictions.
With a target price of 40 € there is a positive potential of 34.32% for Proto Labs Inc. compared to the current price of 29.78 €.
