FARO Technologies, Inc. (FARO)
NASDAQ: FARO · Real-Time Price · USD
25.76
+0.26 (1.02%)
Nov 21, 2024, 11:09 AM EST - Market open
FARO Technologies Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for FARO Technologies stock have an average target of 28, with a low estimate of 26 and a high estimate of 30. The average target predicts an increase of 8.70% from the current stock price of 25.76.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for FARO stock from 2 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 1 | 1 | 1 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 1 | 1 | 1 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $25 → $30 | Strong Buy | Maintains | $25 → $30 | +16.46% | Nov 7, 2024 |
| Needham | Needham | Strong Buy Maintains $24 → $26 | Strong Buy | Maintains | $24 → $26 | +0.93% | Nov 7, 2024 |
| Needham | Needham | Strong Buy Maintains $27 → $24 | Strong Buy | Maintains | $27 → $24 | -6.83% | Aug 9, 2024 |
| Needham | Needham | Strong Buy Reiterates $27 | Strong Buy | Reiterates | $27 | +4.81% | May 3, 2024 |
| Needham | Needham | Strong Buy Reiterates $27 | Strong Buy | Reiterates | $27 | +4.81% | Mar 12, 2024 |
Financial Forecast
Revenue This Year
346.72M
from 358.83M
Decreased by -3.38%
Revenue Next Year
360.54M
from 346.72M
Increased by 3.99%
EPS This Year
0.88
from -2.99
EPS Next Year
1.03
from 0.88
Increased by 15.97%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 357.3M | 379.0M |
| Avg | 346.7M | 360.5M |
| Low | 332.8M | 339.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | -0.4% | 9.3% |
| Avg | -3.4% | 4.0% |
| Low | -7.3% | -2.2% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 0.91 | 1.10 |
| Avg | 0.88 | 1.03 |
| Low | 0.85 | 0.94 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | - | 24.7% |
| Avg | - | 16.0% |
| Low | - | 6.5% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.