FormFactor

FORM · NASDAQ

$107.70−$2.46 (−2.23%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $110.16

FORM analyst rating

BuyConsensus of 10 analysts over the last 12 months. 70% rate it a buy.

Strong buy0
Buy7
Hold3
Underperform0
Sell0

12-month price target · 12 analysts

Average $145.55 (+35.1% upside)

Low: $64.64
Now: $107.70
High: $210.00

Upgrades and downgrades

The latest rating actions, newest first

FORM analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Freedom Capital Markets	Oct 5, 2026	Maintains	Hold	$64.00 → $140.00	67%
Deutsche Bank	Sep 30, 2026	Initiates	Buy	$200.00	50%
TD Cowen	Jul 30, 2026	Maintains	Hold	$150.00 → $100.00	56%
Evercore ISI Group	Jul 30, 2026	Maintains	Outperform	$155.00 → $150.00	91%
B. Riley Securities	Jun 12, 2026	Upgrade	Neutral → Buy	$165.00	60%
Evercore ISI Group	Jun 5, 2026	Upgrade	In-Line → Outperform	$155.00	91%
B. Riley Securities	May 12, 2026	Maintains	Neutral	$145.00 → $165.00	60%
Craig-Hallum	May 12, 2026	Upgrade	Hold → Buy	$175.00	66%
TD Cowen	Apr 30, 2026	Maintains	Hold	$80.00 → $150.00	56%
Citigroup	Apr 30, 2026	Maintains	Buy	$150.00 → $165.00	36%

The case for and against

Updated Jul 28, 2026

Bull case

FormFactor is a strong performer with a positive outlook as the company has shown consistent GM improvement, with potential for more as production ramps up in Texas. They also have a diversified product line that caters to the growing demand for advanced wafer testing in the AI and memory industries. Their recent acquisitions and further development of an electrical optical probe card showcase their commitment to long-term growth and potential for multiple expansion.

Bear case

FormFactor is facing challenges with tariff headwinds and a slowing pace of gross margin expansion. This, along with a decrease in demand for its products and potential pricing pressures, leads to a negative outlook on the company's stock. Furthermore, the company's reliance on a single segment for the majority of its revenue puts it at risk for potential market fluctuations and competition.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.