FormFactor price target raised to $175 from $125 at Cantor Fitzgerald

Cantor Fitzgerald analyst Matthew Prisco raised the firm’s price target on FormFactor (FORM) to $175 from $125 and keeps an Overweight rating on the shares. Demand for FormFactor’s business continues to strengthen, but near-term capacity constraints ahead of the Farmers Branch ramp in 2027 may limit upside, the analyst tells investors in a research note. Expectations are for a modest beat-and-raise driven mainly by pricing, with additional attention on the upcoming Analyst Day and continued gradual stock momentum, the firm says.