FARO Technologies, Inc. (FARO)
NASDAQ: FARO · IEX Real-Time Price · USD
18.49
-0.13 (-0.70%)
Apr 25, 2024, 10:27 AM EDT - Market open
FARO Technologies Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for FARO Technologies stock have an average target of 24.67, with a low estimate of 21 and a high estimate of 27. The average target predicts an increase of 33.42% from the current stock price of 18.49.
Analyst Consensus: Strong Buy
* Price targets were last updated on Mar 12, 2024.
Analyst Ratings
The average analyst rating for FARO stock from 3 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Reiterates $27 | Strong Buy | Reiterates | $27 | +46.02% | Mar 12, 2024 |
| Needham | Needham | Strong Buy Reiterates $27 | Strong Buy | Reiterates | $27 | +46.02% | Feb 29, 2024 |
| Needham | Needham | Strong Buy Maintains $22 → $27 | Strong Buy | Maintains | $22 → $27 | +46.02% | Jan 29, 2024 |
| Needham | Needham | Strong Buy Maintains $20 → $22 | Strong Buy | Maintains | $20 → $22 | +18.98% | Nov 2, 2023 |
| Needham | Needham | Strong Buy Reiterates $20 | Strong Buy | Reiterates | $20 | +8.17% | Aug 3, 2023 |
Financial Forecast
Revenue This Year
371.53M
from 358.83M
Increased by 3.54%
Revenue Next Year
392.96M
from 371.53M
Increased by 5.77%
EPS This Year
0.55
from -2.99
EPS Next Year
1.07
from 0.55
Increased by 93.52%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 383.8M | 413.8M |
| Avg | 371.5M | 393.0M |
| Low | 355.7M | 368.9M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 7.0% | 11.4% |
| Avg | 3.5% | 5.8% |
| Low | -0.9% | -0.7% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 0.63 | 1.14 |
| Avg | 0.55 | 1.07 |
| Low | 0.47 | 0.98 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | - | 107.8% |
| Avg | - | 93.5% |
| Low | - | 77.9% |
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.