B. Riley analyst Craig Ellis raised the firm’s price target on FormFactor to $52 from $50 and keeps a Buy rating on the shares following the Q4 report. The firm is encouraged with trough cycle margin and expense execution, and believes secular heterogeneous die tailwinds are beginning to hit and could further strengthen to boost potential 2024 and 2025 growth.
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- FormFactor, Inc. Reports 2023 Fourth Quarter And Fiscal 2023 Results
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- FormFactor price target raised to $50 from $45 at B. Riley
