On Nov 01, major Wall Street analysts update their ratings for $FormFactor (FORM.US)$, with price targets ranging from $44 to $60.
Evercore analyst Vedvati Shrotre maintains with a hold rating, and adjusts the target price from $55 to $50.
TD Cowen analyst Krish Sankar maintains with a hold rating, and adjusts the target price from $60 to $44.
Needham analyst Charles Shi maintains with a buy rating, and adjusts the target price from $70 to $52.
Stifel analyst Brian Chin maintains with a hold rating, and adjusts the target price from $55 to $48.
Craig-Hallum analyst Christian Schwab maintains with a buy rating, and sets the target price at $60.
Furthermore, according to the comprehensive report, the opinions of $FormFactor (FORM.US)$'s main analysts recently are as follows:
The company exhibited a robust third quarter; however, it has projected the fourth quarter to fall below the consensus, attributing the decline to softening demand in consumer electronics, including PCs and smartphones. Nonetheless, there is an optimistic outlook for the upcoming quarter with anticipated growth in DRAM probe card revenue to reach new heights. Additionally, revenue from High Bandwidth Memory is poised for recovery following a temporary dip in the third quarter, bolstered by a strong backlog.
The deceleration in smartphone and PC demand is exerting pressure on the company's outlook for the December quarter.
Here are the latest investment ratings and price targets for $FormFactor (FORM.US)$ from 5 analysts:
Note:
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