Caleb Weng, an analyst from PAC Partners, has initiated a new Buy rating on Laserbond Limited (LBL).
Caleb Weng’s rating is based on several compelling factors that highlight Laserbond Limited’s strong market position and growth potential. The company has established itself as a leader in surface engineering, particularly through its proprietary laser cladding technology, which significantly extends the lifespan of machinery components. This technological edge, combined with Laserbond’s extensive experience and deep understanding of client needs, gives it a competitive advantage in the industry.
Furthermore, Laserbond’s strategic national expansion across Australia and planned entry into the US market are expected to drive sustainable double-digit earnings growth. The company’s ability to reduce logistics costs and meet the demands of large US customers further de-risks its international expansion. Additionally, the increasing emphasis on ESG requirements in heavy industries and the cost-effectiveness of laser cladding technology are likely to boost the adoption of Laserbond’s services, supporting its long-term growth trajectory.
In another report released on February 21, Canaccord Genuity also maintained a Buy rating on the stock with a A$0.85 price target.