Needham Maintains Buy on Faro Technologies, Raises Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Needham analyst James Ricchiuti has reaffirmed a Buy rating on Faro Technologies (NASDAQ:FARO) and increased the price target from $22 to $27.
January 29, 2024 | 10:34 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Needham analyst James Ricchiuti maintains a Buy rating on Faro Technologies and raises the price target from $22 to $27, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst suggests a strong conviction in the company's future performance. This typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100