TD Cowen raised the firm’s price target on FormFactor to $60 from $48 and keeps a Hold rating on the shares. The firm said while visibility remains challenging, they believe the company is past the cyclical bottom and will benefit from increasing probe card intensity driven by higher advanced packaging requirements.
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Read More on FORM:
- FORM Upcoming Earnings Report: What to Expect?
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- FormFactor Announces Participation in 16th Annual CEO Investor Summit 2024
- FormFactor price target raised to $74 from $65 at B. Riley
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