FormFactor price target raised to $165 from $145 at B. Riley

B. Riley raised the firm’s price target on FormFactor (FORM) to $165 from $145 and keeps a Neutral rating on the shares. FormFactor outlined an ambitious 2030 growth plan targeting $1.6B in revenue, 55% gross margins, and $5 EPS driven by strong positioning in advanced packaging and high-performance compute, including GPU probe card ramps and HBM5-related demand, alongside operational gains from its Farmers Branch expansion that support higher margins and long-term market share gains, the analyst tells investors in a research note.