11 Best 3D Printing and Additive Manufacturing Stocks to Buy

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

Analyst Upside Potential: 22.98%

Number of Hedge Fund Holders: 18

Proto Labs, Inc. (NYSE:PRLB) is a digital manufacturing company that provides rapid prototyping and on-demand production services. The company specializes in manufacturing custom parts using advanced technologies including injection molding, CNC machining, 3D printing, and sheet metal fabrication.

During the fiscal fourth quarter of 2024, the company exceeded expectations by generating $78 million in cash from operations and expanding its consolidated gross margin and earnings per share. In addition, revenue from production use cases surpassed prototyping, with a 50% increase in customers using combined offerings and higher revenue per customer. Proto Labs, Inc. (NYSE:PRLB) has expanded its focus beyond prototyping to include low-to-mid volume production manufacturing. Moreover, it has also enhanced its production capabilities with improved pricing for larger orders, additional quality control measures, industry certifications, and advanced automation technologies.

Looking ahead, the company aims to accelerate revenue growth by leveraging its reorganized structure, expanded production offerings, and continued investments in prototyping services. It is one of the best 3D printing and additive manufacturing stocks to buy.

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