FARO Technologies, Inc. (FARO)
NASDAQ: FARO · IEX Real-Time Price · USD
18.95
+0.06 (0.32%)
May 23, 2024, 4:00 PM EDT - Market closed

FARO Technologies Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for FARO Technologies stock have an average target of 26.5, with a low estimate of 26 and a high estimate of 27. The average target predicts an increase of 39.84% from the current stock price of 18.95.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $26 $26.5 $27 $27
Change +37.20% +39.84% +42.48% +42.48%

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 Dec '23Jan '24Feb '24Mar '24Apr '24May '24
Strong Buy 222222
Buy 000000
Hold 111110
Sell 000000
Strong Sell 000000
Total 333332

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Needham
Needham
Strong Buy
Reiterates
$27
Strong Buy Reiterates $27 +42.48% May 3, 2024
Needham
Needham
Strong Buy
Reiterates
$27
Strong Buy Reiterates $27 +42.48% Mar 12, 2024
Needham
Needham
Strong Buy
Reiterates
$27
Strong Buy Reiterates $27 +42.48% Feb 29, 2024
Needham
Needham
Strong Buy
Maintains
$22$27
Strong Buy Maintains $22$27 +42.48% Jan 29, 2024
Needham
Needham
Strong Buy
Maintains
$20$22
Strong Buy Maintains $20$22 +16.09% Nov 2, 2023
More Analyst Ratings

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%
Year 2019202020212022202320242025
Revenue
381.77M303.77M337.81M345.77M358.83M371.53M392.96M
Revenue Growth
-5.42%-20.43%11.21%2.35%3.78%3.54%5.77%
EPS
-3.580.04-2.20-1.46-2.990.551.07
EPS Growth
------93.52%
No. Analysts -----44
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025
High 383.8M 413.8M
Avg 371.5M 393.0M
Low 355.7M 368.9M

Revenue Growth

Revenue Growth 20242025
High
7.0%
11.4%
Avg
3.5%
5.8%
Low
-0.9%
-0.7%

EPS Forecast

EPS 20242025
High 0.63 1.14
Avg 0.55 1.07
Low 0.47 0.98

EPS Growth

EPS Growth 20242025
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.