FormFactor Receives “Buy” Rating from Stifel Nicolaus (FORM)
FormFactor (NASDAQ:FORM)‘s stock had its “buy” rating restated by equities researchers at Stifel Nicolaus in a research report issued on Friday. They currently have a $10.00 target price on the stock, up from their previous target price of $9.00. Stifel Nicolaus’ price objective would indicate a potential upside of 44.09% from the stock’s previous close.
FormFactor (NASDAQ:FORM) traded down 4.41% during mid-day trading on Friday, hitting $6.94. 238,126 shares of the company’s stock traded hands. FormFactor has a 1-year low of $4.99 and a 1-year high of $8.50. The stock has a 50-day moving average of $7.89 and a 200-day moving average of $6.79. The company’s market cap is $385.5 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 $0.15 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at B. Riley raised their price target on shares of FormFactor to $10.00 in a research note on Friday, June 13th. Separately, 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. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $8.30.
FormFactor, Inc designs, develops, manufactures, sells and supports precision, semiconductor wafer probe card products and solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.