Pro-Dex (PDEX) Stock Forecast & Price Target

Pro-Dex is a company with solid, consistent, and strong growth over the past 10 years, with revenue increasing by +24% in FY15, +51% in FY16, +14% in FY17, +1% in FY18, +21% in FY19, +28% in FY20, +9% in FY21, +11% in FY22, +10% in FY23, +17% in FY24, +24% in FY25, and +16% in FY26. Recently, the company reported strong upside in Q3 2026 and acquired Advanced Precision Machining LLC for its leading-edge automation and technology, which will streamline operations and provide additional revenue streams. Risks to attainment of our share price target include changes in technology demand and investor sentiment, but with positive market potential and a diversified product line, we maintain our BUY rating and raise our 12-month price target to $74 based on a forward P/E multiple of ~22x our FY28 EPS estimate of $3.36.

Pro-Dex is facing potential risks due to its reliance on a few customers and products, as well as a surge in competition with its recent acquisition of APM. While their expansion into new markets provides potential revenue streams, there are uncertainties surrounding their ability to effectively integrate and generate profit from this acquisition.