B. Riley raised the firm’s price target on FormFactor (FORM) to $145 from $130 and keeps a Neutral rating on the shares. FormFactor reported Q1 results modestly above consensus and stronger 2Q26 guidance, driven by AI-related DRAM HBM strength and continued foundry/logic demand, alongside meaningful gross margin and EPS upside supported by efficiency gains and higher utilization, the analyst tells investors in a research note.
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