In recent stock market updates, Faro Technologies (FARO, Financial) has experienced a notable shift in analyst ratings. On May 7, 2025, analyst James Ricchiuti from Needham announced a downgrade of the stock rating from 'Buy' to 'Hold'. This decision marks a change in the investment outlook for the company, reflecting adjustments in market conditions or company performance.
Despite the change in rating, the price target for Faro Technologies (FARO, Financial) remains steady. Needham has maintained the price target at USD 38.00, a figure unchanged from the previous assessment. This steady valuation indicates that while the buying enthusiasm for the stock might have decreased, the stock price is perceived to be stable at its current level.
Faro Technologies (FARO, Financial) continues to trade on the NASDAQ, offering insights into the technological sector's performance and investor sentiment. The market will closely watch any further updates from analysts and company developments in the coming periods.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Faro Technologies Inc (FARO, Financial) is $41.00 with a high estimate of $44.00 and a low estimate of $38.00. The average target implies an downside of 3.21% from the current price of $42.36. More detailed estimate data can be found on the Faro Technologies Inc (FARO) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Faro Technologies Inc's (FARO, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Faro Technologies Inc (FARO, Financial) in one year is $21.82, suggesting a downside of 48.49% from the current price of $42.36. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Faro Technologies Inc (FARO) Summary page.
