FormFactor (FORM) Receives Price Target

FormFactor (FORM) : Currently there are 5 street experts covering FormFactor (FORM) stock. The most bullish and bearish price target for the stock is $14 and $11 respectively for the short term. The average price target of all the analysts comes to $12.6. The estimated standard deviation from the target is $1.14.

FormFactor (FORM) : 5 analysts are covering FormFactor (FORM) and their average rating on the stock is 1.2, which is read as a Strong Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. FormFactor (FORM) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels.


Also, In a research note released to the investors, Citigroup maintains its rating on FormFactor (NASDAQ:FORM).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Citigroup raises the new price target from $8.25 per share to $10 per share. The rating by the firm was issued on August 3, 2016.

FormFactor (NASDAQ:FORM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.42 and $10.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.52. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.50, notching a gain of 1.45% for the day. The total traded volume was 380,663 . The stock had closed at $10.35 on the previous day.

FormFactor, Inc. designs, develops, manufactures, sells and supports semiconductor probe card products. The Company is the supplier of probe cards to manufacturers of DRAM, Flash and SoCs products across the world. Semiconductor manufacturers use its probe cards to perform wafer test (also known as wafer sort), which is the testing of the semiconductor die, or chips. Its products are based on its technologies, including its micro-electromechanical systems (MEMS) technologies, its automation systems, its various product architectures and its design tools. The applications of these products include customer collaboration, consumer integrated circuits (ICs), mobile ICs, automative ICs, computing ICs and publications. The Company operates under the brands FormFactor, the FormFactor logo, Apollo, ATRE, DC-Boost, Matrix, MicroProbe, the MicroProbe logo, MicroSpring, Mx-FinePitch, OneTouch, QiLin, RapidSoak, SmartMatrix, SMART Matrix 100, TouchMatrix, Takumi and TrueScale Lite, among others.

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