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Wall Street Analysts Are Bullish on Top Industrial Goods Picks

Tipranks - Tipranks - Tue May 5, 8:12AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Proto Labs (PRLB), Saia (SAIA) and Standex International (SXI) with bullish sentiments.

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Proto Labs (PRLB)

In a report released today, Greg Palm from Craig-Hallum reiterated a Buy rating on Proto Labs, with a price target of $75.00. The company’s shares closed last Friday at $65.17.

According to TipRanks.com, Palm is a 5-star analyst with an average return of 16.9% and a 53.4% success rate. Palm covers the Technology sector, focusing on stocks such as Bel Fuse Inc, 3D Systems, and Stratasys. ;'>

Currently, the analyst consensus on Proto Labs is a Moderate Buy with an average price target of $69.50, representing a 6.9% upside. In a report issued on May 1, TipRanks – OpenAI also reiterated a Buy rating on the stock with a $73.00 price target.

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Saia (SAIA)

Jefferies analyst Stephanie Moore reiterated a Buy rating on Saia today and set a price target of $550.00. The company’s shares closed last Friday at $441.26.

According to TipRanks.com, Moore is a 5-star analyst with an average return of 17.1% and a 63.5% success rate. Moore covers the Industrial Goods sector, focusing on stocks such as Capital Clean Energy Carriers, Canadian Pacific Kansas City, and Canadian National Railway. ;'>

Currently, the analyst consensus on Saia is a Moderate Buy with an average price target of $457.00, representing a 0.6% upside. In a report issued on April 30, TipRanks – OpenAI also upgraded the stock to Buy with a $466.00 price target.

Standex International (SXI)

D.A. Davidson analyst Michael Shlisky maintained a Buy rating on Standex International today and set a price target of $323.00. The company’s shares closed last Friday at $248.63.

According to TipRanks.com, Shlisky is a 4-star analyst with an average return of 5.5% and a 47.9% success rate. Shlisky covers the Industrial Goods sector, focusing on stocks such as Aebi Schmidt Holding AG, Custom Truck One Source, and Titan International. ;'>

Standex International has an analyst consensus of Strong Buy, with a price target consensus of $298.50, an 11.2% upside from current levels. In a report issued on April 24, Barrington also maintained a Buy rating on the stock with a $295.00 price target.

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