FormFactor PT Raised to $10.00 at B. Riley (FORM)
Analysts at B. Riley lifted their target price on shares of FormFactor (NASDAQ:FORM) to $10.00 in a research report issued to clients and investors on Friday. B. Riley’s target price would suggest a potential upside of 28.04% from the company’s current price.
FormFactor (NASDAQ:FORM) traded up 2.82% on Friday, hitting $8.03. 248,998 shares of the company’s stock traded hands. FormFactor has a 52-week low of $4.99 and a 52-week high of $7.95. The stock has a 50-day moving average of $6.34 and a 200-day moving average of $6.33. The company’s market cap is $446.1 million.
FormFactor (NASDAQ:FORM) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that FormFactor will post $0.14 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on FORM. Analysts at Needham & Company LLC raised their price target on shares of FormFactor from $8.00 to $9.00 in a research note on Wednesday, May 28th. They now have a “buy” rating on the stock. Separately, 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. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of FormFactor in a research note on Tuesday, April 22nd. They now have a $6.50 price target on the stock. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $8.10.
FormFactor, Inc designs, develops, manufactures, sells and supports precision, semiconductor wafer probe card products and solutions.
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