B. Riley analyst Craig Ellis has revised the price target for FormFactor (FORM, Financial), reducing it from $34 to $26. Despite maintaining a Neutral rating on the company's shares, the analyst expresses caution over the firm's future performance. While the first quarter's consensus estimates are seen as achievable, the projections for the second quarter are viewed as setting a high benchmark that may pose challenges.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for FormFactor Inc (FORM, Financial) is $42.22 with a high estimate of $52.00 and a low estimate of $34.00. The average target implies an upside of 67.62% from the current price of $25.19. More detailed estimate data can be found on the FormFactor Inc (FORM) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, FormFactor Inc's (FORM, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for FormFactor Inc (FORM, Financial) in one year is $40.91, suggesting a upside of 62.41% from the current price of $25.19. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the FormFactor Inc (FORM) Summary page.
