In a report released today, James Ricchiuti from Needham maintained a Hold rating on Faro Technologies (FARO). The company’s shares closed last Wednesday at $58.45.
According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 11.9% and a 58.2% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Benchmark Electronics, Teledyne Technologies, and Universal Display.
Faro Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $57.50.
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The company has a one-year high of $64.99 and a one-year low of $35.16. Currently, Faro Technologies has an average volume of 129.2K.
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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.
