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 $33.00 (represents a 19.44% upside from FARO’s last price of $27.63) 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 $33.00 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 $26.00. This represents a potential 19.44% upside from FARO's last price of $27.63.

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

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Nov 07, 2024	James Ricchiuti	Needham	$26.00	$18.26	42.39%	-5.90%
Aug 09, 2024	James Ricchiuti	Needham	$24.00	$14.41	66.55%	-13.14%
Mar 12, 2024	James Ricchiuti	Needham	$27.00	$20.94	28.94%	-2.28%
Apr 28, 2022	-	Needham	$50.00	$34.78	43.76%	80.96%
Apr 28, 2022	-	Craig-Hallum	$40.00	$34.61	15.57%	44.77%

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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 -5.90% decrease from FARO last price ($27.63).

FARO Price Target by Period

	1M	3M	12M
# Anlaysts	1	1	3
Avg Price Target	$26.00	$26.00	$25.67
Last Closing Price	$27.63	$27.63	$27.63
Upside/Downside	-5.90%	-5.90%	-7.09%

In the current month, the average price target of FARO stock is $26.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a -5.90% decrease as opposed to FARO's last price of $27.63. This month's average price target is down 0.00% compared to last quarter, and up 1.29% 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

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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	Jun 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	Mar 18	Mar 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	$87.76M	$87.96M	$81.70M	$91.41M	$78.97M	$84.30M	$81.70M	$96.30M	$82.17M	$81.97M	$84.52M	$104.32M	$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	$79.79M	$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
# Analysts	1	1	1	2	2	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	9	15	9	9	16	8	10	16	18	18
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 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	Jun 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	Mar 18	Mar 17
# Analysts	1	1	1	2	2	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	9	15	9	9	16	8	10	16	18	18
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	$-279.23K	$-247.21K	$-247.78K	$-229.23K	$-258.40K	$-224.19K	$-237.47K	$-21.86M	$-273.02K	$-231.38K	$-230.91K	$-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	$-277.06K	$-245.29K	$-245.86K	$-226.50K	$-257.35K	$-224.19K	$-235.63K	$-17.49M	$-272.68K	$-229.49K	$-229.13K	$-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	$-281.39K	$-249.12K	$-249.70K	$-231.93K	$-259.48K	$-224.19K	$-239.31K	$-26.23M	$-273.39K	$-233.27K	$-232.70K	$-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 %	-	-	-	-	-	-	-	-	-4.97%	29.93%	109.78%	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 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	Jun 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	Mar 18	Mar 17
# Analysts	1	1	1	2	2	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	9	15	9	9	16	8	10	16	18	18
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	$7.78M	$814.43K	$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	$7.63M	$315.26K	$190.72K	$-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 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	Jun 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	Mar 18	Mar 17
# Analysts	1	1	1	2	2	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	9	15	9	9	16	8	10	16	18	18
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	$35.49M	$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	$36.02M	$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 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	Jun 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	Mar 18	Mar 17
# Analysts	1	1	1	2	2	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	9	15	9	9	16	8	10	16	18	18
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	$0.40	$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	$-1.11	-	-	$-0.08	$0.08	$0.14	$0.16
Low Forecast	$0.48	$0.21	$0.21	$0.05	$0.40	$0.02	$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

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
ST	Sensata Technologies	$32.85	$50.25	52.97%	Buy
MKSI	MKS Instruments	$112.91	$143.09	26.73%	Buy
VPG	Vishay Precision Group	$21.94	$27.00	23.06%	-
FARO	FARO	$27.63	$33.00	19.44%	Buy
FTV	Fortive	$75.05	$86.63	15.43%	Buy
MLAB	Mesa Laboratories	$112.40	$120.00	6.76%	Buy
TDY	Teledyne	$487.83	$496.80	1.84%	Buy
ESE	ESCO	$144.01	$145.00	0.69%	Buy
NOVT	Novanta	$174.71	$175.00	0.17%	Buy
BMI	Badger Meter	$225.02	$204.60	-9.07%	Hold
COHR	Coherent	$104.00	$88.46	-14.94%	Buy
VNT	Vontier	$39.52	$32.67	-17.33%	Buy
ITRI	Itron	$121.23	$89.91	-25.84%	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 $33 with a range of $26 to $40, implying a 19.44% from its last price of $27.63. 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 19.44% (from the last price of $27.63 to the average price target of $33), up by 44.77% based on the highest stock price target, and down by -5.90% based on the lowest stock price target.

Can FARO stock reach $40?

FARO's average twelve months analyst stock price target of $33 does not support the claim that FARO can reach $40 in the near future.

What is FARO's current price target trend?

1 Wall Street analyst forecast a $26 price target for FARO (FARO) this month, down -5.90% from its last price of $27.63. Compared to the last 3 and 12 months, the average price target decreased by -5.90% and decreased by -7.09%, respectively.

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 $-22.577M (high $-18.203M, low $-26.952M), average net income is $-42.335M (high $-31.856M, low $-52.839M), average SG&A $144.9M (high $145.62M, low $144.19M), and average EPS is $0.324 (high $0.341, low $0.305). FARO's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $353.47M (high $356.53M, low $350.4M), average EBITDA is $-1.003M (high $-995K, low $-1.012M), 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 $-24.112M by 105.44%. 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 $-273K by -596.67%. 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%