FARO Technologies (NASDAQ:FARO – Get Rating) had its price target lowered by Needham & Company LLC from $50.00 to $40.00 in a report issued on Thursday, MarketBeat.com reports. The firm currently has a “buy” rating on the scientific and technical instruments company’s stock. Needham & Company LLC’s price objective suggests a potential upside of 10.53% from the stock’s current price.
Several other equities analysts also recently issued reports on FARO. Robert W. Baird decreased their price objective on shares of FARO Technologies from $62.00 to $50.00 in a research note on Thursday, April 28th. Craig Hallum downgraded shares of FARO Technologies from a “buy” rating to a “hold” rating and decreased their price objective for the company from $74.00 to $40.00 in a research note on Thursday, April 28th.
FARO Technologies Price Performance
NASDAQ:FARO opened at $36.19 on Thursday. The business’s fifty day moving average price is $31.23 and its 200 day moving average price is $42.04. FARO Technologies has a 12 month low of $27.84 and a 12 month high of $83.39.
Hedge Funds Weigh In On FARO Technologies
About FARO Technologies
FARO Technologies, Inc designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions in North America, South America, Europe, the Middle East, Africa, and the Asia-Pacific. 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 quickly and accurate position components; and FARO Laser Scanning Portfolio to measure and collect a cloud of data points.
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