FARO (FARO) Stock Forecast, Price Target & Predictions
FARO Stock Forecast
FARO stock forecast is as follows: an average price target of $32.00 (represents a 81.61% upside from FARO’s last price of $17.62) 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 $32.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $40.00 to $24.00. This represents a potential 81.61% upside from FARO's last price of $17.62.
FARO Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 09, 2024 | James Ricchiuti | Needham | $24.00 | $14.41 | 66.55% | 36.21% |
| Mar 12, 2024 | James Ricchiuti | Needham | $27.00 | $20.94 | 28.94% | 53.23% |
| Apr 28, 2022 | - | Needham | $50.00 | $34.78 | 43.76% | 183.77% |
| Apr 28, 2022 | - | Craig-Hallum | $40.00 | $34.61 | 15.57% | 127.01% |
The latest FARO stock forecast, released on Aug 09, 2024 by James Ricchiuti from Needham, set a price target of $24.00, which represents a 66.55% increase from the stock price at the time of the forecast ($14.41), and a 36.21% increase from FARO last price ($17.62).
FARO Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $24.00 | $25.50 |
| Last Closing Price | $17.62 | $17.62 | $17.62 |
| Upside/Downside | -100.00% | 36.21% | 44.72% |
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 $17.62. 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
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 09, 2024 | Needham | Buy | Buy | Hold |
| Aug 03, 2023 | Craig-Hallum | - | Buy | Upgrade |
| Apr 28, 2022 | Needham | Buy | Buy | Hold |
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 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $98.84M | $86.81M | $88.21M | $84.97M | $103.86M | $85.33M | - | $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 | $112.84M | $99.70M |
| Avg Forecast | $99.06M | $84.93M | $86.74M | $83.16M | $91.55M | $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 | $143.62M | $166.18M |
| High Forecast | $100.03M | $85.77M | $87.60M | $83.98M | $92.45M | $79.75M | $84.48M | $81.87M | $96.30M | $82.31M | $82.15M | $84.70M | $104.54M | $84.52M | $80.15M | $84.18M | $103.19M | $82.46M | $81.78M | $77.41M | $81.33M | $64.87M | $66.34M | $70.08M | $98.96M | $98.73M | $96.48M | $102.01M | $172.34M | $199.41M |
| Low Forecast | $98.08M | $84.09M | $85.89M | $82.34M | $90.64M | $78.19M | $82.82M | $80.27M | $96.05M | $80.70M | $80.54M | $83.04M | $102.49M | $82.87M | $80.15M | $83.90M | $102.86M | $82.19M | $81.51M | $77.16M | $81.06M | $64.66M | $66.12M | $69.85M | $98.63M | $98.41M | $96.16M | $101.68M | $114.90M | $132.94M |
| # Analysts | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 7 | 7 | 8 | 7 | 10 | 9 | 6 | 11 | 6 | 14 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | 1.03% | 1.07% | 1.08% | 1.01% | 1.00% | 1.02% | - | 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% | 0.79% | 0.60% |
FARO's average Quarter revenue forecast for Mar 24 based on 1 analysts is $81.07M, with a low forecast of $80.27M, and a high forecast of $81.87M. 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 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 7 | 7 | 8 | 7 | 10 | 9 | 6 | 11 | 6 | 14 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | $1.36M | $-6.93M | $-25.35M | $-9.74M | $2.56M | $-2.56M | - | $-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 | $10.64M | $1.91M |
| Avg Forecast | $-281.20K | $-241.10K | $-246.25K | $-236.07K | $-259.89K | $-224.19K | $-237.47K | $-21.86M | $-273.02K | $-231.38K | $-230.91K | $-23.38M | $-293.86K | $-4.80M | $-227.53K | $-25.00M | $-292.47K | $-4.36M | $4.12M | $-3.82M | $4.81M | $-1.99M | $-6.64M | $-23.33M | $-280.46K | $-279.83K | $-5.31M | $8.53M | $12.93M | $2.67M |
| High Forecast | $-278.43K | $-238.72K | $-243.82K | $-233.74K | $-257.32K | $-221.97K | $-235.13K | $-17.49M | $-272.68K | $-229.10K | $-228.63K | $-18.70M | $-290.96K | $-3.84M | $-227.53K | $-20.00M | $-291.99K | $-3.49M | $4.94M | $-3.06M | $5.77M | $-1.60M | $-5.31M | $-18.66M | $-280.00K | $-279.37K | $-4.25M | $10.24M | $15.51M | $3.20M |
| Low Forecast | $-283.98K | $-243.49K | $-248.69K | $-238.40K | $-262.46K | $-226.40K | $-239.82K | $-26.23M | $-273.39K | $-233.67K | $-233.20K | $-28.05M | $-296.76K | $-5.76M | $-227.53K | $-30.00M | $-292.95K | $-5.23M | $3.30M | $-4.59M | $3.85M | $-2.39M | $-7.97M | $-28.00M | $-280.93K | $-280.29K | $-6.38M | $6.83M | $10.34M | $2.13M |
| Surprise % | - | - | - | - | - | - | - | - | -4.97% | 29.93% | 109.78% | 0.42% | -8.69% | 0.53% | - | 0.14% | -24.60% | 0.51% | 0.37% | 0.43% | 1.44% | 0.67% | 1.30% | 0.57% | 155.65% | 5.36% | 0.42% | 0.59% | 0.82% | 0.71% |
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 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 7 | 7 | 8 | 7 | 10 | 9 | 6 | 11 | 6 | 14 | 10 |
| Net Income | - | - | - | - | - | - | - | - | $1.59M | $-8.76M | $-28.25M | $-21.16M | $-2.23M | $-6.26M | - | $-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 | $5.76M | $-2.49M |
| Avg Forecast | $9.65M | $2.70M | $3.76M | $1.06M | $5.98M | $578.81K | $192.94K | $-50.81M | $4.02M | $-4.48M | $-7.48M | $-54.34M | $6.50M | $-8.27M | $-1.76M | $-58.12M | $10.33M | $-7.52M | $-3.18M | $-7.54M | $18.97M | $-4.50M | $-6.87M | $-26.00M | - | $70.28K | $-15.13M | $256.50K | $6.99M | $-3.48M |
| High Forecast | $9.77M | $2.74M | $3.81M | $1.07M | $6.06M | $815.60K | $195.41K | $-40.65M | $5.25M | $-4.42M | $-7.38M | $-43.48M | $6.58M | $-6.62M | $-1.76M | $-46.50M | $10.35M | $-6.01M | $-2.54M | $-6.03M | $22.77M | $-3.60M | $-5.50M | $-20.80M | - | $70.43K | $-12.11M | $307.80K | $8.39M | $-2.79M |
| Low Forecast | $9.52M | $2.67M | $3.71M | $1.05M | $5.90M | $315.72K | $190.46K | $-60.97M | $2.62M | $-4.54M | $-7.58M | $-65.21M | $6.41M | $-9.92M | $-1.76M | $-69.75M | $10.31M | $-9.02M | $-3.81M | $-9.04M | $15.18M | $-5.40M | $-8.24M | $-31.20M | - | $70.13K | $-18.16M | $205.20K | $5.59M | $-4.18M |
| Surprise % | - | - | - | - | - | - | - | - | 0.39% | 1.96% | 3.78% | 0.39% | -0.34% | 0.76% | - | 0.17% | -3.07% | 0.51% | 0.37% | 0.43% | 1.44% | 0.67% | 1.30% | 0.57% | - | -88.20% | 0.42% | 0.59% | 0.82% | 0.71% |
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 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 7 | 7 | 8 | 7 | 10 | 9 | 6 | 11 | 6 | 14 | 10 |
| SG&A | - | - | - | - | - | - | - | - | $39.43M | $37.97M | $38.56M | $41.38M | $37.92M | $37.23M | - | $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 | $43.52M | $40.31M |
| Avg Forecast | $42.88M | $36.77M | $37.55M | $36.00M | $39.63M | $34.19M | $36.21M | $35.10M | $41.63M | $35.28M | $35.21M | $36.31M | $44.81M | $71.71M | $34.70M | $36.38M | $44.60M | $65.19M | $35.34M | $33.46M | $24.44M | $44.85M | $23.10M | $63.71M | $42.77M | $42.67M | $41.70M | $67.46M | $52.84M | $56.43M |
| High Forecast | $43.31M | $37.13M | $37.92M | $36.35M | $40.02M | $34.52M | $36.57M | $35.44M | $41.69M | $35.63M | $35.56M | $36.66M | $45.25M | $86.06M | $34.70M | $36.44M | $44.67M | $78.23M | $35.40M | $33.51M | $29.33M | $53.82M | $27.73M | $76.45M | $42.84M | $42.74M | $41.76M | $80.95M | $63.41M | $67.72M |
| Low Forecast | $42.46M | $36.40M | $37.18M | $35.64M | $39.24M | $33.85M | $35.85M | $34.75M | $41.58M | $34.94M | $34.87M | $35.95M | $44.37M | $57.37M | $34.70M | $36.32M | $44.53M | $52.16M | $35.29M | $33.40M | $19.55M | $35.88M | $18.48M | $50.97M | $42.70M | $42.60M | $41.63M | $53.97M | $42.27M | $45.14M |
| Surprise % | - | - | - | - | - | - | - | - | 0.95% | 1.08% | 1.10% | 1.14% | 0.85% | 0.52% | - | 0.98% | 0.80% | 0.51% | 0.95% | 1.00% | 1.44% | 0.67% | 1.30% | 0.57% | 1.06% | 1.08% | 1.04% | 0.59% | 0.82% | 0.71% |
FARO's average Quarter SG&A projection for Mar 24 is $35.10M, based on 1 Wall Street analysts, with a range of $34.75M to $35.44M. The forecast indicates a -10.99% fall compared to FARO last annual SG&A of $39.43M (Dec 23).
FARO EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 1 | 7 | 7 | 8 | 7 | 10 | 9 | 6 | 11 | 6 | 14 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | $-0.46 | $-1.49 | $-1.12 | $-0.12 | $-0.34 | - | $-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 | $0.33 | $-0.15 |
| Avg Forecast | $0.50 | $0.14 | $0.20 | $0.06 | $0.31 | $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 | $0.51 | $0.21 |
| High Forecast | $0.51 | $0.14 | $0.20 | $0.06 | $0.31 | $0.04 | $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 | $-1.10 | - | - | $-0.08 | $0.08 | $0.61 | $0.25 |
| Low Forecast | $0.49 | $0.14 | $0.19 | $0.05 | $0.31 | $0.02 | $0.01 | $-0.12 | $0.14 | $-0.24 | $-0.39 | $-0.10 | $0.33 | $-0.05 | $-0.09 | $0.02 | $0.49 | $0.07 | $0.11 | $0.05 | $0.19 | $-0.48 | $-0.60 | $-1.11 | - | - | $-0.08 | $0.08 | $0.41 | $0.17 |
| Surprise % | - | - | - | - | - | - | - | - | 0.00% | 1.98% | 3.84% | 10.93% | -0.36% | 7.56% | - | -30.29% | -3.55% | -2.90% | -0.52% | -3.86% | 8.16% | 0.36% | 0.83% | 0.76% | - | -108.01% | 4.63% | 0.13% | 0.65% | -0.71% |
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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| FARO | FARO | $17.62 | $32.00 | 81.61% | Buy |
| ST | Sensata Technologies | $35.72 | $52.36 | 46.58% | Buy |
| MKSI | MKS Instruments | $109.10 | $143.09 | 31.15% | Buy |
| FTV | Fortive | $74.73 | $86.38 | 15.59% | Buy |
| TDY | Teledyne | $428.89 | $485.25 | 13.14% | Buy |
| NOVT | Novanta | $171.03 | $175.00 | 2.32% | Buy |
| ESE | ESCO | $122.71 | $120.00 | -2.21% | Buy |
| MLAB | Mesa Laboratories | $122.80 | $120.00 | -2.28% | Buy |
| VNT | Vontier | $33.46 | $32.67 | -2.36% | Buy |
| COHR | Coherent | $77.92 | $73.73 | -5.38% | Buy |
| BMI | Badger Meter | $213.59 | $199.20 | -6.74% | Hold |
| ITRI | Itron | $104.30 | $89.91 | -13.80% | 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 $32 with a range of $24 to $40, implying a 81.61% from its last price of $17.62. 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 81.61% (from the last price of $17.62 to the average price target of $32), up by 127.01% based on the highest stock price target, and up by 36.21% based on the lowest stock price target.
Can FARO stock reach $30?
FARO's average twelve months analyst stock price target of $32 supports the claim that FARO can reach $30 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 $335.24M (high $338.55M, low $331.93M), average EBITDA is $-22.579M (high $-18.2M, low $-26.958M), average net income is $-44.059M (high $-33.58M, low $-54.564M), average SG&A $145.13M (high $146.56M, low $143.69M), and average EPS is $0.233 (high $0.251, low $0.214). FARO's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $353.89M (high $357.38M, low $350.39M), average EBITDA is $-1.005M (high $-995K, low $-1.015M), average net income is $17.17M (high $17.39M, low $16.95M), average SG&A $153.2M (high $154.71M, low $151.69M), and average EPS is $0.89 (high $0.901, low $0.879).
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 $-24.112M by 105.44%. The company's net income was $-56.577M, missing the average estimation of $-62.277M by -9.15%. 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 $-273K by -596.67%. FARO's net income was $1.59M, missing the average estimation of $4.02M by -60.54%. 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%