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FARO Technologies - FARO Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $41.25
  • Forecasted Upside: 80.29%
  • Number of Analysts: 2
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$22.88 As of 03/24/2023 01:25 PM ET
▼ -0.28 (-1.21%)

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 $41.25
▲ +80.29% 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 $41.25, with a high forecast of $50.00 and a low forecast of $35.00. The average price target represents a 80.29% upside from the last price of $22.88.

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 rating has held steady since January 2022, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
9/29/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
12/28/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/28/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
6/26/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
9/24/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
12/23/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
2/21/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
3/23/2023

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
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
2/21/2019GabelliDowngradeBuy ➝ Hold$43.77Low
2/21/2019Craig HallumDowngradeBuy ➝ HoldMedium
2/20/2019GabelliUpgradeHold ➝ BuyMedium
11/14/2018Berenberg BankInitiated CoverageBuyLow
11/2/2018Robert W. BairdLower TargetNeutral ➝ Neutral$62.00 ➝ $45.00Low
11/2/2018Needham & Company LLCReiterated RatingBuy$60.00High
11/2/2018Craig HallumSet TargetBuy$65.00 ➝ $82.00High
7/27/2018Craig HallumBoost TargetBuy$64.00 ➝ $82.00High
(Data available from 3/24/2018 forward)

News Sentiment Rating

0.48 (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
  • 0 very positive mentions
  • 11 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/26/2022
  • 5 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/25/2022
  • 7 very positive mentions
  • 11 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
10/25/2022
  • 2 very positive mentions
  • 10 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
11/24/2022
  • 2 very positive mentions
  • 15 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
12/24/2022
  • 14 very positive mentions
  • 16 positive mentions
  • 4 negative mentions
  • 0 very negative mentions
Mentions as of
1/23/2023
  • 12 very positive mentions
  • 26 positive mentions
  • 3 negative mentions
  • 1 very negative mentions
Mentions as of
2/22/2023
  • 5 very positive mentions
  • 22 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/24/2023

Current Sentiment

  • 5 very positive mentions
  • 22 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

FARO Technologies logo
FARO Technologies, Inc. engages in the design, development, manufacture, marketing, and support of three-dimensional imaging and software solutions. It operates through the United States and Canada, Americas-Other, Germany, EMEA-Other, Japan, China, and Asia-Other segments. The company was founded by Gregory A. Fraser and Simon Raab on February 21, 1981 and is headquartered in Lake Mary, FL.
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Today's Range

Now: $22.88
Low: $22.77
High: $23.14

50 Day Range

MA: $27.79
Low: $22.94
High: $35.39

52 Week Range

Now: $22.88
Low: $22.61
High: $54.95

Volume

33,401 shs

Average Volume

186,815 shs

Market Capitalization

$429.69 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.33

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, DA Davidson, 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?

4 Wall Street analysts have set twelve-month price targets for FARO Technologies in the last year. Their average twelve-month price target is $41.25, suggesting a possible upside of 80.3%. Robert W. Baird has the highest price target set, predicting FARO will reach $50.00 in the next twelve months. Needham & Company LLC has the lowest price target set, forecasting a price of $35.00 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 1 hold rating and 1 buy rating 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, nLIGHT, VNET Group, Social Leverage Acquisition Corp I and Star Group. 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.