What happened to 3D printing stocks? Top 5 Stocks

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

Average Analyst Share Price Upside: 43%

Average Analyst Share Price Target: $28

FARO Technologies, Inc. (NASDAQ:FARO) is a specialized 3D printing technology company whose products enable designers to accurately measure and map objects. Its shares are up by 3.6% so far in May 2024, on the back of a strong earnings report that saw FARO Technologies, Inc. (NASDAQ:FARO)’s $0.09 EPS beat analyst estimates of a $0.12 loss.

Insider Monkey compiled data from 933 hedge fund SEC filings covering Q4 2023 data and found that 23 had held stakes in FARO Technologies, Inc. (NASDAQ:FARO). Steven Baughman’s Divisar Capital reported the largest stake which was worth $37.1 million.

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