$18.52
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Faro Technologies
(NASDAQ:FARO)Faro Technologies Stock (NASDAQ:FARO), Analyst Ratings, Price Targets, Predictions
Faro Technologies Inc has a consensus price target of $24.67, established from looking at the 17 latest analyst ratings. The last 3 analyst ratings were released from Needham, Needham, and Needham on March 12, 2024, February 29, 2024, and January 29, 2024. With an average price target of $27 between Needham, Needham, and Needham, there's an implied 45.01% upside for Faro Technologies Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Needham
Craig-Hallum
Baird
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Faro Technologies
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 03/12/2024 | FARO | Buy Now | Faro Technologies | $18.62 | 45.01% | Needham | James Ricchiuti | → $27 | Reiterates | Buy → Buy | Get Alert |
| 02/29/2024 | FARO | Buy Now | Faro Technologies | $18.62 | 45.01% | Needham | James Ricchiuti | → $27 | Reiterates | Buy → Buy | Get Alert |
| 01/29/2024 | FARO | Buy Now | Faro Technologies | $18.62 | 45.01% | Needham | James Ricchiuti | $22 → $27 | Maintains | Buy | Get Alert |
| 11/02/2023 | FARO | Buy Now | Faro Technologies | $18.62 | 18.15% | Needham | James Ricchiuti | $20 → $22 | Maintains | Buy | Get Alert |
| 08/03/2023 | FARO | Buy Now | Faro Technologies | $18.62 | 7.41% | Needham | James Ricchiuti | → $20 | Reiterates | → Buy | Get Alert |
| 08/03/2023 | FARO | Buy Now | Faro Technologies | $18.62 | 39.63% | Craig-Hallum | Greg Palm | → $26 | Upgrade | Hold → Buy | Get Alert |
| 05/08/2023 | FARO | Buy Now | Faro Technologies | $18.62 | 7.41% | Needham | James Ricchiuti | $35 → $20 | Maintains | Buy | Get Alert |
| 05/05/2023 | FARO | Buy Now | Faro Technologies | $18.62 | 12.78% | Baird | Robert Mason | $32 → $21 | Maintains | Neutral | Get Alert |
| 05/04/2023 | FARO | Buy Now | Faro Technologies | $18.62 | 18.15% | Craig-Hallum | Greg Palm | $30 → $22 | Maintains | Hold | Get Alert |
| 02/16/2023 | FARO | Buy Now | Faro Technologies | $18.62 | 87.97% | Needham | James Ricchiuti | $39 → $35 | Maintains | Buy | Get Alert |
| 01/17/2023 | FARO | Buy Now | Faro Technologies | $18.62 | 109.45% | Needham | James Ricchiuti | $32 → $39 | Maintains | Buy | Get Alert |
| 11/03/2022 | FARO | Buy Now | Faro Technologies | $18.62 | 71.86% | Needham | James Ricchiuti | $40 → $32 | Maintains | Buy | Get Alert |
| 08/04/2022 | FARO | Buy Now | Faro Technologies | $18.62 | 114.82% | Needham | James Ricchiuti | $50 → $40 | Maintains | Buy | Get Alert |
| 04/28/2022 | FARO | Buy Now | Faro Technologies | $18.62 | 168.53% | Needham | James Ricchiuti | $72 → $50 | Maintains | Buy | Get Alert |
| 04/28/2022 | FARO | Buy Now | Faro Technologies | $18.62 | 114.82% | Craig-Hallum | Greg Palm | $74 → $40 | Downgrade | Buy → Hold | Get Alert |
| 02/17/2022 | FARO | Buy Now | Faro Technologies | $18.62 | 286.68% | Needham | James Ricchiuti | $77 → $72 | Maintains | Buy | Get Alert |
| 10/07/2021 | FARO | Buy Now | Faro Technologies | $18.62 | 313.53% | Needham | James Ricchiuti | — | Upgrade | Hold → Buy | Get Alert |
FAQ
What is the target price for Faro Technologies (FARO)?
The latest price target for Faro Technologies (NASDAQ: FARO) was reported by Needham on March 12, 2024. The analyst firm set a price target for $27.00 expecting FARO to rise to within 12 months (a possible 45.79% upside). 9 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Faro Technologies (FARO)?
The latest analyst rating for Faro Technologies (NASDAQ: FARO) was provided by Needham, and Faro Technologies reiterated their buy rating.
When was the last upgrade for Faro Technologies (FARO)?
The last upgrade for Faro Technologies Inc happened on August 3, 2023 when Craig-Hallum raised their price target to $26. Craig-Hallum previously had a hold for Faro Technologies Inc.
When was the last downgrade for Faro Technologies (FARO)?
The last downgrade for Faro Technologies Inc happened on April 28, 2022 when Craig-Hallum changed their price target from $74 to $40 for Faro Technologies Inc.
When is the next analyst rating going to be posted or updated for Faro Technologies (FARO)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Faro Technologies, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Faro Technologies was filed on March 12, 2024 so you should expect the next rating to be made available sometime around March 12, 2025.
Is the Analyst Rating Faro Technologies (FARO) correct?
While ratings are subjective and will change, the latest Faro Technologies (FARO) rating was a reiterated with a price target of $0.00 to $27.00. The current price Faro Technologies (FARO) is trading at is $18.52, which is within the analyst’s predicted range.
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