Summary:
- FormFactor Inc. is expanding its capacity in Taiwan amidst fluctuating semiconductor demand.
- Analysts predict a significant upside potential for FORM shares, with an average price target of $42.22.
- Despite challenges, the stock is rated "Outperform," reflecting positive market sentiment.
FormFactor Inc. (NASDAQ: FORM) is making strategic moves to expand its Taiwan Capacity Center, aiming to enhance support for chip manufacturers across Asia. This initiative comes in the wake of growing demand for high-bandwidth memory (HBM) products, although the company faces hurdles due to weak overall semiconductor demand and export limitations to China. The stock has experienced a decline of 34.7% year-to-date, largely due to contracting margins and pressure on revenues.
Wall Street Analysts Forecast
According to projections from nine analysts, FormFactor Inc. (FORM, Financial) has an average one-year price target of $42.22, with estimates ranging from $34.00 to $52.00. This suggests a potential upside of 41.88% from the current share price of $29.76. More detailed insights and data are available on the FormFactor Inc (FORM) Forecast page.
The consensus recommendation from ten brokerage firms positions FormFactor Inc. (FORM, Financial) at an average brokerage recommendation of 2.5, indicating an "Outperform" rating. This rating is part of a scale where 1 represents a "Strong Buy" and 5 indicates a "Sell."
According to GuruFocus, the projected GF Value for FormFactor Inc. (FORM, Financial) in one year is estimated at $40.91. This evaluation implies a 37.47% upside from the current price of $29.76. The GF Value is calculated based on historical trading multiples, previous business growth, and anticipated future performance. For further detailed information, consult the FormFactor Inc (FORM) Summary page.
