
FormFactor (FORM) Stock Forecast & Price Target
FormFactor (FORM) Analyst Ratings
Bulls say
FormFactor Inc. anticipates an upward trend in business levels, projecting increased sales for the full year despite current softness in consumer-led markets. Management has expressed growing optimism regarding a potential rebound in foundry/logic probe card revenue, particularly driven by Intel, with expectations for new business from a leading fabless microprocessor customer beginning in 1H25. Additionally, the company’s advanced wafer probe card business, coupled with diversification into engineering-focused test and measurement systems, presents promising long-term growth prospects, with potential recovery scenarios pointing towards a return to a $200 million run rate.
Bears say
FormFactor Inc. reported fourth-quarter revenue of approximately $190.1 million, slightly below estimates, highlighting a 9% quarter-over-quarter decline primarily due to a significant 23% drop in Foundry-Logic revenue, partially offset by a 5% increase in DRAM revenue. The company's guidance for the first quarter of 2025 suggests a further sequential decline of 10%, reflecting ongoing challenges in the semiconductor sector, including the loss of Intel as a significant customer. Additionally, the forecasted decline in probe card revenue and muted growth expectations for the Engineering Systems segment, alongside weaker margins driven by DRAM sales, contribute to a negative outlook for the stock.
This aggregate rating is based on analysts' research of FormFactor and is not a guaranteed prediction by Public.com or investment advice.
FormFactor (FORM) Analyst Forecast & Price Prediction
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