Northland raised the firm’s price target on FormFactor (FORM) to $44 from $23 and keeps a Market Perform rating on the shares. The company, which beat expectations and raised estimates in Q3, is starting to see gross margin expansion driven by automation, yield improvements, and cycle-time reductions, the analyst tells investors in a post-earnings note. The firm expects demand to remain strong through 2026 on the back of AI demand and a broadening of demand to PC and mobile phones, the analyst added.
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