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Formfactor (FORM)
NASDAQ:FORM
FORM Analyst Ratings
Hold
1 Buy
6 Hold
0 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
FORM Stock 12 Month Forecast
Average Price Target
$31.50
▲(12.58% Upside)
| Highest Price Target$35.00 | Average Price Target$31.50 | Lowest Price Target$23.00 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Detailed List of Analyst Forecasts
TipRanks
$30
Hold
7.22%
Upside
Downgraded
08/01/25
FormFactor's stock score is primarily impacted by its weak technical indicators and high valuation, suggesting potential downside risk. While financial stability and positive corporate events provide some support, the company needs to address profitability and cash flow challenges to improve its outlook.
B.Riley Financial
$40→$34
Hold
21.52%
Upside
Reiterated
07/31/25
Northland Securities
$23
Hold
-17.80%
Downside
Reiterated
07/31/25
TD Cowen
$35
Hold
25.09%
Upside
Reiterated
07/31/25
FormFactor's Mixed Outlook: Strong Topline but Margin Challenges Persist Amid Product Mix and Cost PressuresWe believe margins may be constrained due to product mix headwinds from HBM sales. Longer term, we believe margins can improve but achieving FormFactor's target model of 47% at a $850M sales level may be challenging given the higher mix of lower margin DRAM probe cards and lower portion of F/L (less Intel) compared to when the target model was first provided. We note that CY24/CY25E sales run rate of ~$765M w/ DRAM ~30% of the mix yields margins of ~40% while in CY21 at similar revenue levels but DRAM representing only 20% of the mix resulted in margins in the mid-40% range. FormFactor reported June '25 Q topline results at the high end of prior guidance but profitability fell short given unfavorable mix within the systems business and higher-than-expected costs associated with ramping production with a second HBM customers (we think the initial hiccups are behind us).
Stifel Nicolaus
$34→$31
Hold
10.79%
Upside
Reiterated
07/31/25
Craig-Hallum
$35
Buy
25.09%
Upside
Reiterated
07/31/25
Evercore ISI
$31
Hold
10.79%
Upside
Reiterated
07/31/25
Needham
―
Hold
―
Reiterated
07/31/25
D.A. Davidson
$50→$45
Buy
60.83%
Upside
Reiterated
05/01/25
Unknown AnalystTD Securities
Not Ranked
TD Securities
$44→$35
Hold
25.09%
Upside
Reiterated
02/06/25
Citi
$44→$51
Buy
82.27%
Upside
Upgraded
01/07/25
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
TipRanks
$30
Hold
7.22%
Upside
Downgraded
08/01/25
FormFactor's stock score is primarily impacted by its weak technical indicators and high valuation, suggesting potential downside risk. While financial stability and positive corporate events provide some support, the company needs to address profitability and cash flow challenges to improve its outlook.
B.Riley Financial
$40→$34
Hold
21.52%
Upside
Reiterated
07/31/25
Northland Securities
$23
Hold
-17.80%
Downside
Reiterated
07/31/25
TD Cowen
$35
Hold
25.09%
Upside
Reiterated
07/31/25
FormFactor's Mixed Outlook: Strong Topline but Margin Challenges Persist Amid Product Mix and Cost PressuresWe believe margins may be constrained due to product mix headwinds from HBM sales. Longer term, we believe margins can improve but achieving FormFactor's target model of 47% at a $850M sales level may be challenging given the higher mix of lower margin DRAM probe cards and lower portion of F/L (less Intel) compared to when the target model was first provided. We note that CY24/CY25E sales run rate of ~$765M w/ DRAM ~30% of the mix yields margins of ~40% while in CY21 at similar revenue levels but DRAM representing only 20% of the mix resulted in margins in the mid-40% range. FormFactor reported June '25 Q topline results at the high end of prior guidance but profitability fell short given unfavorable mix within the systems business and higher-than-expected costs associated with ramping production with a second HBM customers (we think the initial hiccups are behind us).
Stifel Nicolaus
$34→$31
Hold
10.79%
Upside
Reiterated
07/31/25
Craig-Hallum
$35
Buy
25.09%
Upside
Reiterated
07/31/25
Evercore ISI
$31
Hold
10.79%
Upside
Reiterated
07/31/25
Needham
―
Hold
―
Reiterated
07/31/25
D.A. Davidson
$50→$45
Buy
60.83%
Upside
Reiterated
05/01/25
Unknown AnalystTD Securities
Not Ranked
TD Securities
$44→$35
Hold
25.09%
Upside
Reiterated
02/06/25
Citi
$44→$51
Buy
82.27%
Upside
Upgraded
01/07/25
Best Analysts Covering Formfactor
1 Month
xxx
Success Rate
15/19 ratings generated profit
Average Return
+4.09%
reiterated a xxx
rating 3 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 78.95% of your transactions generating a profit, with an average return of +4.09% per trade.
3 Months
xxx
Success Rate
15/27 ratings generated profit
Average Return
+1.93%
reiterated a xxx
rating 9 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 55.56% of your transactions generating a profit, with an average return of +1.93% per trade.
1 Year
Success Rate
10/19 ratings generated profit
Average Return
+10.47%
reiterated a buy rating 3 months ago
Copying Thomas Diffely's trades and holding each position for 1 Year would result in 52.63% of your transactions generating a profit, with an average return of +10.47% per trade.
2 Years
xxx
Success Rate
9/19 ratings generated profit
Average Return
+3.53%
reiterated a xxx
rating 3 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 47.37% of your transactions generating a profit, with an average return of +3.53% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
FORM Analyst Recommendation Trends
Rating
Apr 25
May 25
Jun 25
Jul 25
Aug 25
Strong Buy
0
2
2
2
0
Buy
8
5
3
7
6
Hold
15
16
10
15
12
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
23
23
15
24
18
Each month's total comprises the sum of three months' worth of ratings.
FORM Financial Forecast
FORM Stock Forecast FAQ
What is FORM’s average 12-month price target, according to analysts?
Based on analyst ratings, Formfactor’s 12-month average price target is 31.50.
What is FORM’s upside potential, based on the analysts’ average price target?
Formfactor has 12.58% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is FORM a Buy, Sell or Hold?
Formfactor has a consensus rating of Hold which is based on 1 buy ratings, 6 hold ratings and 0 sell ratings.
What is Formfactor’s price target?
The average price target for Formfactor is 31.50. This is based on 7 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $35.00 ,the lowest forecast is $23.00. The average price target represents 12.58% Increase from the current price of $27.98.
The highest analyst price target is $35.00 ,the lowest forecast is $23.00. The average price target represents 12.58% Increase from the current price of $27.98.
What do analysts say about Formfactor?
Formfactor’s analyst rating consensus is a Hold. This is based on the ratings of 7 Wall Streets Analysts.
How can I buy shares of FORM?
Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.