FARO Technologies, Inc. (FARO)
NASDAQ: FARO · IEX Real-Time Price · USD
18.73
+0.45 (2.46%)
At close: May 31, 2024, 4:00 PM
18.95
+0.22 (1.17%)
After-hours: May 31, 2024, 6:21 PM EDT
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 41.48% from the current stock price of 18.73.
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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 1 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Reiterates $27 | Strong Buy | Reiterates | $27 | +44.15% | May 3, 2024 |
| Needham | Needham | Strong Buy Reiterates $27 | Strong Buy | Reiterates | $27 | +44.15% | Mar 12, 2024 |
| Needham | Needham | Strong Buy Reiterates $27 | Strong Buy | Reiterates | $27 | +44.15% | Feb 29, 2024 |
| Needham | Needham | Strong Buy Maintains $22 → $27 | Strong Buy | Maintains | $22 → $27 | +44.15% | Jan 29, 2024 |
| Needham | Needham | Strong Buy Maintains $20 → $22 | Strong Buy | Maintains | $20 → $22 | +17.46% | Nov 2, 2023 |
Financial Forecast
Revenue This Year
365.77M
from 358.83M
Increased by 1.93%
Revenue Next Year
390.70M
from 365.77M
Increased by 6.82%
EPS This Year
0.63
from -2.99
EPS Next Year
1.05
from 0.63
Increased by 65.32%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 381.1M | 409.3M |
| Avg | 365.8M | 390.7M |
| Low | 347.2M | 368.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 6.2% | 11.9% |
| Avg | 1.9% | 6.8% |
| Low | -3.3% | 0.8% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 0.85 | 1.16 |
| Avg | 0.63 | 1.05 |
| Low | 0.42 | 0.93 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | - | 82.6% |
| Avg | - | 65.3% |
| Low | - | 47.2% |
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.