FormFactor price target raised to $50 from $45 at B. Riley

B. Riley analyst Craig Ellis raised the firm’s price target on FormFactor to $50 from $45 and keeps a Buy rating on the shares after having hosted management for investor meetings and the firm’s CEO Summit. The firm believes FormFactor’s AI exposure could add “incremental and under-appreciated” tailwinds through calendar year 2024, the analyst tells investors following the meetings.