DA Davidson analyst Thomas Diffely raised the firm’s price target on FormFactor (FORM) to $55 from $45 and keeps a Buy rating on the shares. The company posted a solid “beat & raise” quarter highlighted by the beginning of a nice margin recovery as revenue strength from high bandwidth memory is driving EPS upside and also positions as a key component in advanced AI chip packages, the analyst tells investors in a research note. This association with the exploding AI market is driving multiple expansion for the stock, the firm added.
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