Needham Reiterates Buy on Faro Technologies, Maintains $27 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst James Ricchiuti reiterated a Buy rating on Faro Technologies (NASDAQ:FARO) and maintained a $27 price target.
March 12, 2024 | 10:11 am
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Needham analyst James Ricchiuti reiterated a Buy rating on Faro Technologies and maintained a $27 price target.
The reiteration of a Buy rating and maintenance of a $27 price target by a reputable analyst suggests a positive outlook for Faro Technologies, likely leading to increased investor confidence and potential upward movement in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100