Craig-Hallum analyst Christian Schwab raised the firm’s price target on FormFactor (FORM) to $60 from $50 and keeps a Buy rating on the shares. The firm notes FormFactor reported solid Q1 results, while guiding its Q2 outlook well ahead of expectations. The company is seeing significant strength for its high-bandwidth memory DRAM probe cards, as well as sequential improvement in foundry/logic probe cards driven by its largest customer, Intel (INTC), says Craig-Hallum.
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