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Analysts Offer Insights on Industrial Goods Companies: Spire Global (SPIR) and Proto Labs (PRLB)

Tipranks - Tipranks - Wed Jun 10, 11:56AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Spire Global (SPIR) and Proto Labs (PRLB) with bullish sentiments.

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Spire Global (SPIR)

In a report released yesterday, Jeff Van Rhee from Craig-Hallum maintained a Buy rating on Spire Global. The company’s shares closed last Tuesday at $15.63.

According to TipRanks.com, Rhee is a 5-star analyst with an average return of 23.0% and a 49.8% success rate. Rhee covers the Technology sector, focusing on stocks such as Intellicheck Mobilisia, Frequency Electronics, and Alkami Technology. ;'>

Spire Global has an analyst consensus of Strong Buy, with a price target consensus of $20.13, representing a 18.2% upside. In a report issued on June 4, Stifel Nicolaus also assigned a Buy rating to the stock with a $24.00 price target.

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Proto Labs (PRLB)

Craig-Hallum analyst Greg Palm maintained a Buy rating on Proto Labs yesterday. The company’s shares closed last Tuesday at $73.55.

According to TipRanks.com, Palm is a 5-star analyst with an average return of 19.7% and a 56.4% success rate. Palm covers the Technology sector, focusing on stocks such as Bel Fuse Inc, 3D Systems, and Stratasys. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Proto Labs with a $67.00 average price target, a -13.2% downside from current levels. In a report released yesterday, Benchmark Co. also maintained a Buy rating on the stock with a $70.00 price target.

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