- FormFactor Inc (FORM, Financial) reported a significant revenue increase in Q4, but earnings per share fell short.
- Wall Street analysts project an average price target with a notable upside potential of 41.88%.
- FormFactor holds an "Outperform" status based on average brokerage recommendations.
FormFactor Inc. (FORM), a prominent entity in semiconductor testing technologies, has showcased its growth potential with a substantial 12.7% increase in revenue, reaching $189.5 million for the fourth quarter. This financial performance aligns with market expectations. However, despite these gains, the company faced a decline in adjusted operating income and earnings per share (EPS), which has resulted in a notable 39.8% decline in its share price, currently hovering at $24.78.
Wall Street Analysts' Forecast
FormFactor Inc. (FORM, Financial) is under the scrutiny of Wall Street, with nine analysts providing one-year price targets. The average target price of $42.22 suggests a substantial potential upside of 41.88% from the current trading price of $29.76. The high estimate reaches $52.00, while the low estimate stands at $34.00. For more extensive estimate data, investors are encouraged to visit the FormFactor Inc (FORM) Forecast page.
Further insights from ten brokerage firms indicate that FormFactor Inc. (FORM, Financial) holds an average brokerage recommendation of 2.5, which translates to an "Outperform" rating. The rating scale spans from 1 to 5, where 1 represents a Strong Buy and 5 indicates a Sell, positioning FormFactor favorably among investors and analysts alike.
According to GuruFocus estimates, the projected GF Value for FormFactor Inc. (FORM, Financial) over the next year is anticipated to be $40.91. This suggests an upside potential of 37.47% from its current price of $29.76. The GF Value is determined by assessing historical trading multiples, business growth history, and future performance forecasts. For a deeper dive into FormFactor’s financials, visit the FormFactor Inc (FORM) Summary page.
