Faro Technologies (FARO)

• Market cap: $504M
• 1 day: -4.20%
• 5 days: -9.26%
• 1 month: -15.31%
• 3 months: 1.37%
• 6 months: 59.45%
• Year to date: 2.38%
• 1 year: 25.28%
• 5 years: -56.89%
• 10 years: -54.73%
• Sector: Industrials
• Industry: Measuring & Controlling Devices

About: Faro Technologies Inc is a technology company. It designs, develops, manufactures, markets and supports software-driven, three-dimensional (3-D) measurement, imaging, and realization solutions for the 3D metrology, architecture, engineering and construction (AEC), Operations and Maintenance (O&M) and public safety analytics markets. The company enables its customers to capture, measure, manipulate, interact with and share 3D and 2D data from the physical world in a virtual environment and then translate the information back into the physical domain. FARO suite of 3D products and software solutions are used for the inspection of components and assemblies, rapid prototyping, reverse engineering, documenting large volumes or structures in 3D, surveying, and construction.

Employees: 1,243

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

123% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 13

100% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 2 (+1) [Q4]

30% more capital invested

Capital invested by funds: $360M [Q3] → $470M (+$110M) [Q4]

13% more funds holding

Funds holding: 120 [Q3] → 135 (+15) [Q4]

1.86% more ownership

Funds ownership: 96.06% [Q3] → 97.92% (+1.86%) [Q4]

44% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 55

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $33 24% upside
• Avg. target: $34 26% upside
• High target: $34 28% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

Needham James Ricchiuti 45% 1-year accuracy 54 / 120 met price target	28% upside $34	Buy Maintained	16 Jan 2025
Craig-Hallum Greg Palm 63% 1-year accuracy 15 / 24 met price target	24% upside $33	Buy Maintained	12 Dec 2024