
FARO Technologies (FARO) Stock Forecast & Price Target
FARO Technologies (FARO) Analyst Ratings
Bulls say
Faro Technologies Inc. has demonstrated a significant improvement in its financial performance, with an EBITDA margin of 17.9%, marking an increase from 10.7% in the previous quarter, indicating strong operational efficiency. The company's cash and cash equivalents rose to $99 million at the end of Q4, reflecting prudent financial management and a robust liquidity position. Moreover, the increase in net gross margin to 57.4%, at the top end of guidance, underscores the effectiveness of supply chain initiatives and pricing strategies, bolstering a positive outlook for future profitability and growth potential.
Bears say
Faro Technologies Inc. experienced a 5% year-over-year decline in revenues, totaling $93.5 million, and is projecting a further revenue decrease of 4% for Q1, reflecting ongoing challenges in its financial performance. The company's adjusted free cash flow, while at $16.2 million, has decreased from $17.4 million in the previous year, and recurring revenue from service contracts and subscriptions fell by 2% year-over-year. Additionally, hardware sales, which comprise a significant portion of revenue, declined by 6% year-over-year, indicating potential difficulties in maintaining growth momentum in core market areas.
This aggregate rating is based on analysts' research of FARO Technologies and is not a guaranteed prediction by Public.com or investment advice.
FARO Technologies (FARO) Analyst Forecast & Price Prediction
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