FormFactor Given New $9.00 Price Target at Stifel Nicolaus (FORM)
Stifel Nicolaus dropped their target price on shares of FormFactor (NASDAQ:FORM) from $10.00 to $9.00 in a research note issued on Friday, ARN reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 70.13% from the company’s current price.
FormFactor (NASDAQ:FORM) opened at 5.29 on Friday. FormFactor has a 52 week low of $3.70 and a 52 week high of $7.75. The stock has a 50-day moving average of $6.60 and a 200-day moving average of $5.87. The company’s market cap is $288.5 million.
FormFactor (NASDAQ:FORM) last announced its earnings results on Thursday, October 24th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.08. The company had revenue of $67.60 million for the quarter, compared to the consensus estimate of $66.94 million. During the same quarter in the previous year, the company posted ($0.15) earnings per share. The company’s revenue for the quarter was up 63.7% on a year-over-year basis. On average, analysts predict that FormFactor will post $-0.08 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Thomson Reuters/Verus upgraded shares of FormFactor from a “hold” rating to a “buy” rating in a research note to investors on Monday, August 12th. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of FormFactor in a research note to investors on Thursday, August 1st. They now have a $8.00 price target on the stock, up previously from $5.25. Finally, analysts at Needham & Company raised their price target on shares of FormFactor from $8.00 to $10.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $8.25.
FormFactor, Inc designs, develops, manufactures, sells and supports precision, semiconductor wafer probe card products and solutions.
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