Craig-Hallum analyst Greg Palm maintained a Buy rating on Faro Technologies (FARO – Research Report) today. The company’s shares closed yesterday at $14.99.
Palm covers the Industrials sector, focusing on stocks such as Transcat, Ranpak Holdings, and Bluelinx Holdings. According to TipRanks, Palm has an average return of 6.9% and a 47.17% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Faro Technologies with a $34.50 average price target.
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The company has a one-year high of $36.74 and a one-year low of $10.30. Currently, Faro Technologies has an average volume of 291.7K.
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FARO Technologies, Inc. engages in the design, development, manufacture, marketing and support of three-dimensional (3D) measurement, imaging, and realization systems. It operates through the following segments: 3D Manufacturing, Construction BIM, and Emerging Verticals. The 3D Manufacturing segment provides solutions for manual & automated measurement and inspection in an industrial or manufacturing environment. The Construction BIM segment offers solutions for as-built data capturing and 3D visualization in building information modeling and construction information management applications. The Emerging Verticals segment includes product design, public safety forensics, and 3D solutions. The company was founded by Gregory A. Fraser and Simon Raab on February 21, 1981 and is headquartered in Lake Mary, FL.
Read More on FARO:
- Qualcomm downgraded, Wingstop upgraded: Wall Street’s top analyst calls
- Craig-Hallum upgrades Faro Technologies to Buy, believes stock can double
- Faro Technologies upgraded to Buy from Hold at Craig-Hallum
- Faro Technologies sees Q3 non-GAAP EPS (35c)-(10c), consensus (24c)
- Faro Technologies reports Q2 non-GAAP EPS (14c), consensus (40c)
