Stock Price
P/E Ratio
Volume Traded Today
Dividend
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FARO Technologies Inc Market Cap
From what 2 stock analysts predict, the share price for FARO Technologies Inc (FARO) might increase by 2.86% in the next year. This is based on a 12-month average estimation for FARO. Price targets go from $24 to $30. The majority of stock analysts believe FARO is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 2 Wall Street analysts have assignedFARO 2 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect FARO Technologies Inc to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on FARO. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of FARO.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Greg Palm Craig-Hallum | Buy | $30 | Maintains | Nov 7, 2024 |
| James Ricchiuti Needham | Buy | $26 | Maintains | Nov 7, 2024 |
| James Ricchiuti Needham | Buy | $24 | Maintains | Aug 9, 2024 |
Craig-Hallum | Buy | $25 | Maintains | Aug 9, 2024 |
| James Ricchiuti Needham | Buy | $27 | Reiterates | May 3, 2024 |
| James Ricchiuti Needham | Buy | $27 | Reiterates | Mar 12, 2024 |
| James Ricchiuti Needham | Buy | $27 | Reiterates | Feb 29, 2024 |
| James Ricchiuti Needham | Buy | $27 | Maintains | Jan 29, 2024 |
| James Ricchiuti Needham | Buy | $22 | Maintains | Nov 2, 2023 |
| James Ricchiuti Needham | Buy | $20 | Reiterates | Aug 3, 2023 |
| Greg Palm Craig-Hallum | Buy | $26 | Upgrade | Aug 3, 2023 |
| James Ricchiuti Needham | Buy | $20 | Maintains | May 8, 2023 |
| Robert Mason Baird | Neutral | $21 | Maintains | May 5, 2023 |
| Greg Palm Craig-Hallum | Hold | $22 | Maintains | May 4, 2023 |
| James Ricchiuti Needham | Buy | $35 | Maintains | Feb 16, 2023 |
| James Ricchiuti Needham | Buy | $39 | Maintains | Jan 17, 2023 |
| James Ricchiuti Needham | Buy | $32 | Maintains | Nov 3, 2022 |
| James Ricchiuti Needham | Buy | $40 | Maintains | Aug 4, 2022 |
| Greg Palm Craig-Hallum | Hold | $40 | Downgrade | Apr 28, 2022 |
| James Ricchiuti Needham | Buy | $50 | Maintains | Apr 28, 2022 |
When did it IPO
1997
Staff Count
1,243
Country
United States
Sector/Industry
Technology/Scientific & Technical Instruments
CEO
Mr. Peter James Lau
Market Cap
$497.0M
In 2023, FARO generated $358.8M in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that FARO's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Fri, 08 Nov 2024
Sentiment - POSITIVE
Source - MarketBeat
Summary - The FOMC cut interest rates, boosting market confidence in inflation and the economy, which positively impacted stock market sentiment and clarified the outlook for 2025.
Why It Matters - The FOMC's interest rate cut boosts market sentiment, signaling confidence in economic stability and potentially enhancing corporate profits, which can drive stock prices higher.
Wed, 06 Nov 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - FARO Technologies, Inc. reported its Q3 2024 earnings, detailing key financial metrics and performance insights during its earnings call. Further specifics were discussed in the transcript.
Why It Matters - FARO's Q3 2024 earnings report provides insights into financial performance, growth trends, and potential market opportunities, influencing stock valuation and investment decisions.
Wed, 06 Nov 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - FARO Technologies reported Q3 2024 revenue of $82.6 million, with a gross margin of 55.7%. Non-GAAP EPS was $0.21. The company had $2.6 million in cash flow and repurchased $10 million of stock.
Why It Matters - FARO Technologies exceeded revenue and EPS guidance, indicating strong operational performance. Positive cash flow and share repurchases suggest confidence in future growth, enhancing investor sentiment.
Wed, 23 Oct 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - FARO Technologies, Inc. (Nasdaq: FARO) will release its Q3 2024 financial results on November 6, 2024, after market close.
Why It Matters - FARO's upcoming Q3 financial results release may impact stock performance and investor sentiment based on earnings trends, revenue growth, and market expectations.
Fri, 18 Oct 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - FARO Technologies appointed Phillip Delnick as SVP of Global Sales, effective October 21, 2024, to lead its global sales organization.
Why It Matters - The appointment of Phillip Delnick as SVP, Global Sales, may enhance FARO's sales strategy and revenue growth, influencing investor confidence and stock performance.
Tue, 15 Oct 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - FARO Technologies, Inc. has launched the FARO Focus Premium Max, the latest addition to its 3D Laser Scanner portfolio, enhancing its product lineup.
Why It Matters - The launch of the FARO Focus Premium Max suggests innovation and potential revenue growth for FARO Technologies, impacting investor confidence and stock performance.
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