PAC Partners analyst Caleb Weng has reiterated their bullish stance on LBL stock, giving a Buy rating on February 19.
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Caleb Weng has given his Buy rating due to a combination of factors, notably the sustained double‑digit growth in Laserbond’s Services division and the clear improvement in margins supported by operating leverage. He also sees attractive upside from the expanding Gateway subsidiary, which is benefiting from strong mining‑related demand and is expected to deliver margin gains in the second half of FY26.
In addition, Weng highlights that the company enters 2H26 with a much stronger order book and ongoing tailwinds from the resources sector that should support both Services and Products growth. Although tungsten price volatility and FX pose some risk to group margins, Laserbond’s inventory position, pricing initiatives, and undemanding valuation underpin his increased price target of $0.80 and reinforce the Buy recommendation.
In another report released on February 19, TipRanks – xAI also upgraded the stock to a Buy with a A$0.61 price target.