FARO (FARO) Stock Forecast, Price Target & Predictions


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FARO Stock Forecast


FARO stock forecast is as follows: an average price target of $26.00 (represents a 0.70% upside from FARO’s last price of $25.82) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.

FARO Price Target


The average price target for FARO (FARO) is $26.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $26.00 to $26.00. This represents a potential 0.70% upside from FARO's last price of $25.82.

FARO Analyst Ratings


Buy

According to 2 Wall Street analysts, FARO's rating consensus is 'Buy'. The analyst rating breakdown for FARO stock is 0 'Strong Buy' (0.00%), 2 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

FARO Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 07, 2024James RicchiutiNeedham$26.00$18.2642.39%0.70%
Aug 09, 2024James RicchiutiNeedham$24.00$14.4166.55%-7.05%
Mar 12, 2024James RicchiutiNeedham$27.00$20.9428.94%4.57%
Apr 28, 2022Needham$50.00$34.7843.76%93.65%
Apr 28, 2022Craig-Hallum$40.00$34.6115.57%54.92%

The latest FARO stock forecast, released on Nov 07, 2024 by James Ricchiuti from Needham, set a price target of $26.00, which represents a 42.39% increase from the stock price at the time of the forecast ($18.26), and a 0.70% increase from FARO last price ($25.82).

FARO Price Target by Period


1M3M12M
# Anlaysts-13
Avg Price Target-$26.00$25.67
Last Closing Price$25.82$25.82$25.82
Upside/Downside-100.00%0.70%-0.58%

In the current month, the average price target of FARO stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to FARO's last price of $25.82. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Aug 09, 2024NeedhamBuyBuyHold
Aug 03, 2023Craig-HallumBuyUpgrade
Apr 28, 2022NeedhamBuyBuyHold

FARO's last stock rating was published by Needham on Aug 09, 2024. The company gave FARO a "Buy" rating, the same as its previous rate.

FARO Financial Forecast


FARO Revenue Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
Revenue--------$98.84M$86.81M$88.21M$84.97M$103.86M$85.33M$79.92M$76.66M$100.20M$79.17M$82.11M$76.33M$92.95M$70.74M$60.56M$79.52M$104.14M$90.52M$93.49M$93.62M$92.83M$81.56M
Avg Forecast$98.36M$87.08M$87.28M$80.75M$91.03M$78.97M$83.65M$81.07M$96.17M$81.51M$81.34M$83.87M$103.51M$83.69M$80.15M$84.04M$103.02M$82.33M$81.64M$77.28M$81.20M$64.76M$66.23M$69.97M$98.80M$98.57M$96.32M$101.85M$247.56M$27.19M
High Forecast$99.12M$87.75M$87.96M$81.70M$91.40M$78.97M$84.30M$81.70M$96.30M$82.17M$81.97M$84.51M$104.31M$83.69M$80.15M$84.04M$103.02M$82.33M$81.64M$77.28M$81.20M$64.76M$66.23M$69.97M$98.80M$98.57M$96.32M$101.85M$297.07M$32.62M
Low Forecast$97.60M$86.41M$86.61M$79.80M$90.65M$78.97M$83.00M$80.44M$96.05M$80.84M$80.71M$83.22M$102.71M$83.69M$80.15M$84.04M$103.02M$82.33M$81.64M$77.28M$81.20M$64.76M$66.23M$69.97M$98.80M$98.57M$96.32M$101.85M$198.05M$21.75M
# Analysts111221112111111111119159916810161818
Surprise %--------1.03%1.07%1.08%1.01%1.00%1.02%1.00%0.91%0.97%0.96%1.01%0.99%1.14%1.09%0.91%1.14%1.05%0.92%0.97%0.92%0.38%3.00%

FARO's average Quarter revenue forecast for Mar 24 based on 1 analysts is $81.07M, with a low forecast of $80.44M, and a high forecast of $81.70M. FARO's average Quarter revenue forecast represents a -17.98% decrease compared to the company's last Quarter revenue of $98.84M (Dec 23).

FARO EBITDA Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts111221112111111111119159916810161818
EBITDA--------$1.36M$-6.93M$-25.35M$-9.74M$2.56M$-2.56M$-2.65M$-3.57M$7.20M$-2.24M$1.53M$-1.63M$6.95M$-1.34M$-8.63M$-13.30M$-43.66M$-1.50M$-2.25M$5.06M$4.92M$1.79M
Avg Forecast$-5.26M$-4.66M$-4.67M$-4.32M$-4.87M$-4.22M$-4.47M$-21.86M$-5.14M$-4.36M$-4.35M$-23.38M$5.29M$-237.59K$-227.53K$-25.00M$-292.47K$-233.72K$-231.77K$-3.82M$-230.50K$-183.85K$-188.01K$-23.33M$-280.46K$-279.83K$-273.43K$8.53M$7.20M$8.04M
High Forecast$-5.22M$-4.62M$-4.63M$-4.27M$-4.85M$-4.22M$-4.44M$-17.49M$-5.14M$-4.32M$-4.32M$-18.70M$6.35M$-237.59K$-227.53K$-20.00M$-292.47K$-233.72K$-231.77K$-3.06M$-230.50K$-183.85K$-188.01K$-18.66M$-280.46K$-279.83K$-273.43K$10.24M$8.64M$9.64M
Low Forecast$-5.30M$-4.69M$-4.70M$-4.37M$-4.89M$-4.22M$-4.51M$-26.23M$-5.15M$-4.39M$-4.38M$-28.05M$4.23M$-237.59K$-227.53K$-30.00M$-292.47K$-233.72K$-231.77K$-4.59M$-230.50K$-183.85K$-188.01K$-28.00M$-280.46K$-279.83K$-273.43K$6.83M$5.76M$6.43M
Surprise %---------0.26%1.59%5.83%0.42%0.48%10.78%11.63%0.14%-24.60%9.57%-6.58%0.43%-30.15%7.29%45.90%0.57%155.65%5.36%8.23%0.59%0.68%0.22%

1 analysts predict FARO's average Quarter EBITDA for Mar 24 to be $-21.86M, with a high of $-17.49M and a low of $-26.23M. This is -1711.90% lower than FARO's previous annual EBITDA (Dec 23) of $1.36M.

FARO Net Income Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts111221112111111111119159916810161818
Net Income--------$1.59M$-8.76M$-28.25M$-21.16M$-2.23M$-6.26M$-8.57M$-9.69M$-31.71M$-3.85M$-1.18M$-3.22M$27.41M$-3.02M$-8.93M$-14.82M$-49.70M$-6.20M$-6.41M$152.00K$455.00K$-1.46M
Avg Forecast$9.34M$4.05M$4.05M$1.73M$7.71M$577.99K$192.66K$-50.81M$4.02M$-4.47M$-7.47M$-54.34M$20.87M$-868.22K$-1.78M$-58.12M$9.45M$1.40M$2.22M$-7.54M$3.62M$-9.16M$-11.64M$-26.00M-$64.31K$-1.54M$256.50K$665.44K$-6.57M
High Forecast$9.44M$4.09M$4.09M$2.50M$23.12M$583.79K$194.60K$-40.65M$5.24M$-4.43M$-7.39M$-43.48M$25.05M$-868.22K$-1.78M$-46.50M$9.45M$1.40M$2.22M$-6.03M$3.62M$-9.16M$-11.64M$-20.80M-$64.31K$-1.54M$307.80K$798.52K$-5.26M
Low Forecast$9.25M$4.01M$4.01M$963.31K$-7.71M$572.18K$190.73K$-60.97M$2.62M$-4.52M$-7.54M$-65.21M$16.70M$-868.22K$-1.78M$-69.75M$9.45M$1.40M$2.22M$-9.04M$3.62M$-9.16M$-11.64M$-31.20M-$64.31K$-1.54M$205.20K$532.35K$-7.89M
Surprise %--------0.40%1.96%3.78%0.39%-0.11%7.21%4.80%0.17%-3.35%-2.76%-0.53%0.43%7.58%0.33%0.77%0.57%--96.40%4.15%0.59%0.68%0.22%

FARO's average Quarter net income forecast for Mar 24 is $-50.81M, with a range of $-60.97M to $-40.65M. FARO's average Quarter net income forecast represents a -3299.73% decrease compared to the company's last Quarter net income of $1.59M (Dec 23).

FARO SG&A Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts111221112111111111119159916810161818
SG&A--------$39.43M$37.97M$38.56M$41.38M$37.92M$37.23M$36.02M$35.49M$35.86M$33.43M$33.59M$33.35M$35.30M$30.16M$30.04M$36.32M$45.47M$45.88M$43.55M$39.98M$39.34M$33.57M
Avg Forecast$42.58M$37.70M$37.78M$34.96M$39.40M$34.19M$36.21M$35.10M$41.63M$35.28M$35.21M$36.31M$26.89M$36.23M$34.70M$36.38M$44.60M$35.64M$35.34M$33.46M$35.15M$28.04M$28.67M$63.71M$42.77M$42.67M$41.70M$67.46M$57.54M$11.77M
High Forecast$42.91M$37.99M$38.08M$35.37M$39.57M$34.19M$36.49M$35.37M$41.69M$35.57M$35.48M$36.59M$32.26M$36.23M$34.70M$36.38M$44.60M$35.64M$35.34M$33.46M$35.15M$28.04M$28.67M$76.45M$42.77M$42.67M$41.70M$80.95M$69.05M$14.12M
Low Forecast$42.25M$37.41M$37.49M$34.54M$39.24M$34.19M$35.93M$34.82M$41.58M$35.00M$34.94M$36.03M$21.51M$36.23M$34.70M$36.38M$44.60M$35.64M$35.34M$33.46M$35.15M$28.04M$28.67M$50.97M$42.77M$42.67M$41.70M$53.97M$46.03M$9.42M
Surprise %--------0.95%1.08%1.10%1.14%1.41%1.03%1.04%0.98%0.80%0.94%0.95%1.00%1.00%1.08%1.05%0.57%1.06%1.08%1.04%0.59%0.68%2.85%

FARO's average Quarter SG&A projection for Mar 24 is $35.10M, based on 1 Wall Street analysts, with a range of $34.82M to $35.37M. The forecast indicates a -10.99% fall compared to FARO last annual SG&A of $39.43M (Dec 23).

FARO EPS Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts111221112111111111119159916810161818
EPS---------$-0.46$-1.49$-1.12$-0.12$-0.34$-0.47$-0.53$-1.74$-0.21$-0.06$-0.18$1.53$-0.17$-0.50$-0.84$-2.85$-0.36$-0.37$0.01$0.03$-0.09
Avg Forecast$0.48$0.21$0.21$0.09$0.40$0.03$0.01$-0.12$0.21$-0.23$-0.39$-0.10$0.34$-0.04$-0.09$0.02$0.49$0.07$0.12$0.05$0.19$-0.47$-0.60$-1.11--$-0.08$0.08$0.12$0.14
High Forecast$0.49$0.21$0.21$0.13$1.20$0.03$0.01$-0.12$0.27$-0.23$-0.38$-0.10$0.34$-0.04$-0.09$0.02$0.49$0.07$0.12$0.05$0.19$-0.47$-0.60$-1.11--$-0.08$0.08$0.14$0.16
Low Forecast$0.48$0.21$0.21$0.05$-0.40$0.03$0.01$-0.12$0.14$-0.23$-0.39$-0.10$0.33$-0.04$-0.09$0.02$0.49$0.07$0.12$0.05$0.19$-0.47$-0.60$-1.11--$-0.08$0.08$0.09$0.11
Surprise %--------0.00%1.98%3.84%10.93%-0.36%7.56%5.08%-30.29%-3.55%-2.90%-0.52%-3.86%8.16%0.36%0.83%0.76%--108.01%4.63%0.13%0.25%-0.64%

According to 1 Wall Street analysts, FARO's projected average Quarter EPS for Mar 24 is $-0.12, with a low estimate of $-0.12 and a high estimate of $-0.12. This represents a -116600.00% decrease compared to FARO previous annual EPS of - (Dec 23).

FARO Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
STSensata Technologies$27.40$39.6744.78%Buy
MKSIMKS Instruments$107.53$128.8019.78%Buy
VPGVishay Precision Group$23.06$27.0017.09%
FTVFortive$75.00$87.3316.44%Buy
TDYTeledyne$473.75$519.009.55%Buy
ESEESCO$135.68$145.006.87%Buy
COHRCoherent$99.78$106.296.52%Buy
FAROFARO$25.82$26.000.70%Buy
BMIBadger Meter$220.00$221.330.60%Hold
MLABMesa Laboratories$131.25$120.00-8.57%Buy
VNTVontier$36.99$32.67-11.68%Buy
ITRIItron$110.45$89.91-18.60%Buy

FARO Forecast FAQ


Is FARO a good buy?

Yes, according to 2 Wall Street analysts, FARO (FARO) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 100.00% of FARO's total ratings.

What is FARO's price target?

FARO (FARO) average price target is $26 with a range of $26 to $26, implying a 0.70% from its last price of $25.82. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will FARO stock go up soon?

According to Wall Street analysts' prediction for FARO stock, the company can go up by 0.70% (from the last price of $25.82 to the average price target of $26), up by 0.70% based on the highest stock price target, and up by 0.70% based on the lowest stock price target.

Can FARO stock reach $40?

FARO's average twelve months analyst stock price target of $26 does not support the claim that FARO can reach $40 in the near future.

What are FARO's analysts' financial forecasts?

FARO's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $334.72M (high $336.37M, low $333.07M), average EBITDA is $-35.422M (high $-30.996M, low $-39.848M), average net income is $-42.335M (high $-16.752M, low $-67.918M), average SG&A $144.9M (high $145.61M, low $144.19M), and average EPS is $0.324 (high $1.13, low $-0.478). FARO's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $353.47M (high $356.53M, low $350.41M), average EBITDA is $-18.903M (high $-18.739M, low $-19.066M), average net income is $19.17M (high $20.12M, low $18.22M), average SG&A $153.02M (high $154.34M, low $151.69M), and average EPS is $0.995 (high $1.04, low $0.946).

Did the FARO's actual financial results beat the analysts' financial forecasts?

Based on FARO's last annual report (Dec 2023), the company's revenue was $358.83M, beating the average analysts forecast of $342.89M by 4.65%. Apple's EBITDA was $-49.536M, beating the average prediction of $-37.229M by 33.06%. The company's net income was $-56.577M, missing the average estimation of $-62.265M by -9.14%. Apple's SG&A was $157.34M, beating the average forecast of $148.44M by 6.00%. Lastly, the company's EPS was $-0.003, missing the average prediction of $-0.514 by -99.42%. In terms of the last quarterly report (Dec 2023), FARO's revenue was $98.84M, beating the average analysts' forecast of $96.17M by 2.77%. The company's EBITDA was $1.36M, missing the average prediction of $-5.143M by -126.37%. FARO's net income was $1.59M, missing the average estimation of $4.02M by -60.49%. The company's SG&A was $39.43M, missing the average forecast of $41.63M by -5.29%. Lastly, the company's EPS was $0.0001, missing the average prediction of $0.209 by -99.95%