DA Davidson raised the firm’s price target on FormFactor to $42 from $32 and keeps a Buy rating on the shares. The company’s Q2 results were mixed with revenues impacted by Systems shipment pushouts while better than expected margins and OpEx controls boosted earnings, the analyst tells investors in a research note. Current demand is stable and this sets the table for a nice ramp in probe card activity starting next year when the market recover, the firm added.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on FORM:
- FormFactor sees Q3 EPS 17c +/- 4c, consensus 16c
- FormFactor reports Q2 EPS 14c, consensus 14c
- FormFactor, Inc. Reports 2023 Second Quarter Results
- FormFactor price target raised to $35 from $30 at Stifel
- FORM Earnings Report this Week: Is It a Buy, Ahead of Earnings?
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue