FARO Similar Chart Price Prediction
The price of FARO is predicted to go up -7.61%, based on the high correlation periods with NMIH. The similarity of these two price pattern on the periods is 94.52%.
FARO
NMIH
Down: -7.61%Similarity: 94.52%
FARO Revenue Forecast
FARO EPS Forecast
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FARO Analyst's Forecast
James Ricchiuti
Needham
Strong Buy
2025-01-16
Price Target
$26 → $34
Upside
+6.82%
Needham raised the firm's price target on Faro Technologies to $34 from $26 and keeps a Buy rating on the shares after the presentation by its management team at the 7th Annual Needham Growth Conference. The firm notes that the company's solid year-to-date results reflect the impact of recent restructuring initiatives and provide an indication of FARO's operating leverage potential, the analyst tells investors in a research note. Needham also contends that Faro's new approach to partnerships could be a solid tailwind, as management noted it believes it can reach a significantly higher number of customers through pursuing a more aggressive partnership strategy.
