Analyst Price Target is $28.00
▲ +9.80% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for FARO Technologies in the last 3 months. The average price target is $28.00, with a high forecast of $30.00 and a low forecast of $26.00. The average price target represents a 9.80% upside from the last price of $25.50.
Current Consensus is
Buy
The current consensus among 2 contributing investment analysts is to buy stock in FARO Technologies. This rating has held steady since March 2023, when it changed from a Moderate Buy consensus rating.
FARO Technologies, Inc. designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions worldwide. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; FARO Laser Tracker, a combination of a portable large-volume laser measurement tool, a computer, and CAM2 software programs; FARO Laser Projector, which provides a virtual template that operators and assemblers can use to position components; FARO Laser Scanning Portfolio to measure and collect a cloud of data points for 3D rendering of an object or area; and FARO Mobile Laser Portfolio provides 3D scanning while attached to other mobile devices, such as drones for metrology, reverse engineering, factory automation, building information modeling, public safety, and other applications. It also provides FARO Software, a software solution that integrate with FARO hardware products to merge data and provide collaborative workflows and applications. It sells its products to automotive, aerospace, and metal and machine fabrication industries. FARO Technologies, Inc. was founded in 1981 and is headquartered in Lake Mary, Florida.
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