FormFactor price target raised to $90 from $55 at Craig-Hallum

Craig-Hallum analyst Christian Schwab raised the firm’s price target on FormFactor (FORM) to $90 from $55 and keeps a Buy rating on the shares following another quarter of better-than-expected results and an improving outlook. The firm highlights continued gross margin expansion, with further upside expected as the new Farmers Branch facility ramps, and strengthening HBM DRAM probe card demand as the industry transitions toward HBM4.