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FARO Technologies - FARO Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $24.67
  • Forecasted Upside: 30.37%
  • Number of Analysts: 2
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$18.92 As of 04/26/2024 06:27 PM ET
▲ +0.47 (2.55%)

This chart shows the closing price for FARO by one month, three months, or twelve months.

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Analyst Price Target for FARO

Analyst Price Target is $24.67
▲ +30.37% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for FARO Technologies in the last 3 months. The average price target is $24.67, with a high forecast of $27.00 and a low forecast of $21.00. The average price target represents a 30.37% upside from the last price of $18.92.

This chart shows the closing price for FARO for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 2 contributing investment analysts is to buy stock in FARO Technologies. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
11/2/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
1/31/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
5/1/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
7/30/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
10/28/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
1/26/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/26/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
4/25/2024

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
2/29/2024Needham & Company LLCReiterated RatingBuy ➝ Buy$27.00Low
1/29/2024Needham & Company LLCBoost TargetBuy ➝ Buy$22.00 ➝ $27.00Low
11/2/2023Needham & Company LLCBoost TargetBuy ➝ Buy$20.00 ➝ $22.00Low
8/3/2023Needham & Company LLCReiterated RatingBuy$20.00Low
8/3/2023Craig HallumUpgradeHold ➝ Buy$26.00Low
5/5/2023Robert W. BairdLower Target$32.00 ➝ $21.00Low
5/4/2023Craig HallumLower Target$30.00 ➝ $22.00Low
2/16/2023Needham & Company LLCLower TargetBuy$39.00 ➝ $35.00Low
11/3/2022Needham & Company LLCLower TargetBuy$40.00 ➝ $32.00Low
8/4/2022DA DavidsonLower Target$50.00 ➝ $40.00Low
8/4/2022Needham & Company LLCLower TargetBuy$50.00 ➝ $40.00Low
4/28/2022Needham & Company LLCLower Target$72.00 ➝ $50.00High
4/28/2022Craig HallumDowngradeBuy ➝ Hold$74.00 ➝ $40.00High
4/28/2022Robert W. BairdLower Target$62.00 ➝ $50.00High
2/17/2022Needham & Company LLCLower TargetBuy$77.00 ➝ $72.00High
2/17/2022Robert W. BairdLower Target$75.00 ➝ $62.00High
10/7/2021Needham & Company LLCUpgradeHold ➝ Buy$77.00High
2/21/2021Robert W. BairdReiterated RatingHoldMedium
2/19/2021Craig HallumBoost TargetBuy$70.00 ➝ $117.00Low
8/3/2020Needham & Company LLCReiterated RatingHoldMedium
4/29/2020Needham & Company LLCReiterated RatingHoldHigh
4/22/2020Craig HallumLower TargetBuy$75.00 ➝ $70.00Medium
2/21/2020Craig HallumUpgradeHold ➝ Buy$76.00High
11/1/2019G.ResearchDowngradeBuy ➝ HoldHigh
10/31/2019GabelliDowngradeBuy ➝ Hold$50.00High
10/16/2019Needham & Company LLCReiterated RatingHoldHigh
5/3/2019Needham & Company LLCDowngradeBuy ➝ HoldHigh
(Data available from 4/26/2019 forward)

News Sentiment Rating

0.24 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 1 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 2 very negative mentions
Mentions as of
9/29/2023
  • 5 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/29/2023
  • 1 very positive mentions
  • 13 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
11/28/2023
  • 1 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/28/2023
  • 3 very positive mentions
  • 1 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
1/27/2024
  • 5 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
2/26/2024
  • 6 very positive mentions
  • 16 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
3/27/2024
  • 4 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 2 very negative mentions
Mentions as of
4/26/2024

Current Sentiment

  • 4 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 2 very negative mentions

Recent Stories by Sentiment

Very Negative

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

FARO Technologies logo
FARO Technologies, Inc. designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions worldwide. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; FARO Laser Tracker, a combination of a portable large-volume laser measurement tool, a computer, and CAM2 software programs; FARO Laser Projector, which provides a virtual template that operators and assemblers can use to position components; FARO Laser Scanning Portfolio to measure and collect a cloud of data points for 3D rendering of an object or area; and FARO Mobile Laser Portfolio provides 3D scanning while attached to other mobile devices, such as drones for metrology, reverse engineering, factory automation, building information modeling, public safety, and other applications. It also provides FARO Software, a software solution that integrate with FARO hardware products to merge data and provide collaborative workflows and applications. It sells its products to automotive, aerospace, and metal and machine fabrication industries. FARO Technologies, Inc. was founded in 1981 and is headquartered in Lake Mary, Florida.
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Today's Range

Now: $18.92
Low: $18.35
High: $19.13

50 Day Range

MA: $20.73
Low: $18.32
High: $22.64

52 Week Range

Now: $18.92
Low: $10.30
High: $24.80

Volume

97,332 shs

Average Volume

213,629 shs

Market Capitalization

$358.91 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.4

Frequently Asked Questions

What sell-side analysts currently cover shares of FARO Technologies?

The following Wall Street analysts have issued research reports on FARO Technologies in the last year: Craig Hallum, Needham & Company LLC, Robert W. Baird, and StockNews.com.
View the latest analyst ratings for FARO.

What is the current price target for FARO Technologies?

3 Wall Street analysts have set twelve-month price targets for FARO Technologies in the last year. Their average twelve-month price target is $24.67, suggesting a possible upside of 30.4%. Needham & Company LLC has the highest price target set, predicting FARO will reach $27.00 in the next twelve months. Robert W. Baird has the lowest price target set, forecasting a price of $21.00 for FARO Technologies in the next year.
View the latest price targets for FARO.

What is the current consensus analyst rating for FARO Technologies?

FARO Technologies currently has 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe FARO will outperform the market and that investors should add to their positions of FARO Technologies.
View the latest ratings for FARO.

What other companies compete with FARO Technologies?

Other companies that are similar to FARO Technologies include Quantum-Si, Geospace Technologies, American Superconductor, MiX Telematics and Forrester Research. Learn More about companies similar to FARO Technologies.

How do I contact FARO Technologies' investor relations team?

FARO Technologies' physical mailing address is 250 TECHNOLOGY PARK, LAKE MARY FL, 32746. The scientific and technical instruments company's listed phone number is (407) 333-9911 and its investor relations email address is [email protected]. The official website for FARO Technologies is www.faro.com. Learn More about contacing FARO Technologies investor relations.