11 Best 3D Printing and Additive Manufacturing Stocks to Buy

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6. FARO Technologies, Inc. (NASDAQ:FARO)

Analyst Upside Potential: 31.67%

Number of Hedge Fund Holders: 25

FARO Technologies, Inc. (NASDAQ:FARO) is an international technology company specializing in three-dimensional measurement, imaging, and realization solutions. It develops portable 3D measurement devices such as the FaroArm Portfolio, FARO Laser Tracker, and FARO Laser Scanning Portfolio. These tools are used for various industry tasks including inspections, rapid prototyping, reverse engineering, and quality assurance.

On February 25, Analyst James Ricchiuti from Needham reiterated a Buy rating on the stock with a price target of $37. The analyst noted that FARO Technologies, Inc. (NASDAQ:FARO) ended the year with better-than-expected results. The revenue declines were less severe than anticipated, and margins exceeded expectations, leading to significant earnings per share beat. Ricchiuti mentioned that the company is pursuing new OEM and distribution agreements, including partnerships with Topcon and another metrology company and is also introducing new products and implementing selective price increases to drive growth. Ricchiuti believes that management’s projections for Q1 2025 align with market expectations, showing a moderate revenue decline but a stronger EPS outlook. FARO Technologies, Inc. (NASDAQ:FARO) is one of the best 3D printing and additive manufacturing stocks to buy.

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