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Faro Technologies (FARO)
NASDAQ:FARO

Faro Technologies (FARO) Stock Forecast & Price Target

172 Followers
See the Price Targets and Ratings of:

FARO Analyst Ratings

Moderate Buy
2Ratings
2 Buy
0 Hold
0 Sell
Based on 2 analysts giving stock ratings to
Faro
Technologies
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

FARO Stock 12 Month Forecast

Average Price Target

$27.00
▲(45.01% Upside)
Based on 2 Wall Street analysts offering 12 month price targets for Faro Technologies in the last 3 months. The average price target is $27.00 with a high forecast of $27.00 and a low forecast of $27.00. The average price target represents a 45.01% change from the last price of $18.62.
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Highest Price Target$27.00Average Price Target$27.00Lowest Price Target$27.00
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
Berenberg Bank
$48.00
Buy
157.79%
Upside
Reiterated
08/04/23
Robert W. Baird
$21.00
Hold
12.78%
Upside
Reiterated
08/02/23
Robert W. Baird Remains a Hold on Faro Technologies (FARO)

Best Analysts Covering Faro Technologies

Which Analyst Should I Follow If I Want to Buy FARO and Sell After:
1 Month
Greg PalmCraig-Hallum
Success Rate
7/16 ratings generated profit
44%
Average Return
-2.46%
assigned a buy rating last month
Copying Greg Palm's trades and holding each position for 1 Month would result in 43.75% of your transactions generating a profit, with an average return of -2.46% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
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3 Months
Greg PalmCraig-Hallum
Success Rate
7/16 ratings generated profit
44%
Average Return
-0.01%
assigned a buy rating last month
Copying Greg Palm's trades and holding each position for 3 Months would result in 43.75% of your transactions generating a profit, with an average return of -0.01% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
Premium Content
Find out which analyst has the highest Average Return & Success Rate
Go Premium
1 Year
Greg PalmCraig-Hallum
Success Rate
6/16 ratings generated profit
38%
Average Return
-3.48%
assigned a buy rating last month
Copying Greg Palm's trades and holding each position for 1 Year would result in 37.50% of your transactions generating a profit, with an average return of -3.48% per trade.
2 Years
Greg PalmCraig-Hallum
Success Rate
5/16 ratings generated profit
31%
Average Return
-11.38%
assigned a buy rating last month
Copying Greg Palm's trades and holding each position for 2 Years would result in 31.25% of your transactions generating a profit, with an average return of -11.38% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
Premium Content
Find out which analyst has the highest Average Return & Success Rate
Go Premium
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

FARO Analyst Recommendation Trends

Rating
Nov 23
Dec 23
Jan 24
Feb 24
Mar 24
Strong Buy
3
1
1
0
0
Buy
5
5
7
7
7
Hold
2
0
0
0
0
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
10
6
8
7
7
In the current month, FARO has received 7 Buy Ratings, 0 Hold Ratings, and 0 Sell Ratings. FARO average Analyst price target in the past 3 months is $27.00.
Each month's total comprises the sum of three months' worth of ratings.
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FARO Financial Forecast

FARO Earnings Forecast

Next quarter’s earnings estimate for FARO is -$0.12 with a range of -$0.13 to -$0.10. The previous quarter’s EPS was $0.36. FARO beat its EPS estimate 75.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 66.59% of the time in the same period. In the last calendar year FARO has Outperformed its overall industry.
Next quarter’s earnings estimate for FARO is -$0.12 with a range of -$0.13 to -$0.10. The previous quarter’s EPS was $0.36. FARO beat its EPS estimate 75.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 66.59% of the time in the same period. In the last calendar year FARO has Outperformed its overall industry.

FARO Sales Forecast

Next quarter’s sales forecast for FARO is $81.07M with a range of $81.00M to $81.14M. The previous quarter’s sales results were $98.84M. FARO beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 65.29% of the time in the same period. In the last calendar year FARO has Outperformed its overall industry.
Next quarter’s sales forecast for FARO is $81.07M with a range of $81.00M to $81.14M. The previous quarter’s sales results were $98.84M. FARO beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 65.29% of the time in the same period. In the last calendar year FARO has Outperformed its overall industry.

FARO Stock Forecast FAQ

What is FARO’s average 12-month price target, according to analysts?
Based on analyst ratings, Faro Technologies’s 12-month average price target is $27.00.
    What is FARO’s upside potential, based on the analysts’ average price target?
    Faro Technologies has 45.01% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is FARO a Buy, Sell or Hold?
          Faro Technologies has a conensus rating of Moderate Buy which is based on 2 buy ratings, 0 hold ratings and 0 sell ratings.
            What is Faro Technologies’s price target?
            The average price target for Faro Technologies is $27.00. This is based on 2 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $27.00 ,the lowest forecast is $27.00. The average price target represents 45.01% Increase from the current price of $18.62.
              What do analysts say about Faro Technologies?
              Faro Technologies’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 2 Wall Streets Analysts.
                How can I buy shares of FARO?
                Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.
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