B. Riley analyst Craig Ellis raised the firm’s price target on FormFactor (FORM) to $66 from $52 and keeps a Buy rating on the shares. The company reported a solid Q3 beat as its gross margins begin to inflect higher, the analyst tells investors in a research note. The firm sees this positioning FormFactor well for earnings expansion going forward.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FORM:
- FormFactor price target raised to $50 from $35 at TD Cowen
- FormFactor price target raised to $55 from $45 at DA Davidson
- FormFactor price target raised to $44 from $23 at Northland
- FormFactor price target raised to $42 from $35 at Stifel
- Formfactor’s Mixed Performance and Strategic Initiatives Lead to Hold Rating