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Equities researchers at Needham & Company LLC lifted their target price on shares of FormFactor (NASDAQ:FORM) from $8.00 to $9.00 in a research report issued on Wednesday. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 47.06% from the company’s current price.

FormFactor (NASDAQ:FORM) opened at 6.12 on Wednesday. FormFactor has a 1-year low of $4.99 and a 1-year high of $7.75. The stock’s 50-day moving average is $5.89 and its 200-day moving average is $6.15. The company’s market cap is $340.0 million.

FormFactor (NASDAQ:FORM) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.06. The company had revenue of $56.00 million for the quarter, compared to the consensus estimate of $54.44 million. Analysts expect that FormFactor will post $0.11 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on FORM. Analysts at B. Riley upgraded shares of FormFactor from a “neutral” rating to a “buy” rating in a research note on Wednesday. They now have a $8.50 price target on the stock, up previously from $6.00. Separately, analysts at ING Group upgraded shares of FormFactor to a “buy” rating in a research note on Wednesday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of FormFactor in a research note on Thursday, May 1st. They now have a $6.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $7.80.

FormFactor, Inc designs, develops, manufactures, sells and supports precision, semiconductor wafer probe card products and solutions.

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