FormFactor (FORM) Stock Forecast, Price Target & Predictions
FORM Stock Forecast
FormFactor stock forecast is as follows: an average price target of $51.17 (represents a 25.48% upside from FORM’s last price of $40.78) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.
FORM Price Target
The average price target for FormFactor (FORM) is $51.17 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $65.00 to $33.00. This represents a potential 25.48% upside from FORM's last price of $40.78.
FORM Analyst Ratings
According to 6 Wall Street analysts, FormFactor's rating consensus is 'Buy'. The analyst rating breakdown for FORM stock is 0 'Strong Buy' (0.00%), 3 'Buy' (50.00%), 3 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
FormFactor Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 31, 2024 | Charles Shi | Needham | $52.00 | $43.81 | 18.69% | 27.51% |
| May 17, 2024 | Craig Ellis | B.Riley Financial | $65.00 | $54.54 | 19.18% | 59.39% |
| May 02, 2024 | Christian Schwab | Craig-Hallum | $60.00 | $43.99 | 36.39% | 47.13% |
| Apr 15, 2024 | Vedvati Shrotre | Evercore ISI | $50.00 | $44.09 | 13.40% | 22.61% |
| Dec 13, 2022 | - | Northland Securities | $33.00 | $25.46 | 29.59% | -19.08% |
| Apr 25, 2022 | - | Stifel Nicolaus | $47.00 | $36.52 | 28.70% | 15.25% |
| Jan 07, 2022 | Charles Shi | Needham | $54.00 | $42.27 | 27.75% | 32.42% |
The latest FormFactor stock forecast, released on Oct 31, 2024 by Charles Shi from Needham, set a price target of $52.00, which represents a 18.69% increase from the stock price at the time of the forecast ($43.81), and a 27.51% increase from FORM last price ($40.78).
FormFactor Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 4 |
| Avg Price Target | $52.00 | $52.00 | $56.75 |
| Last Closing Price | $40.78 | $40.78 | $40.78 |
| Upside/Downside | 27.51% | 27.51% | 39.16% |
In the current month, the average price target of FormFactor stock is $52.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 27.51% increase as opposed to FormFactor's last price of $40.78. This month's average price target is down 0.00% compared to last quarter, and down -8.37% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 31, 2024 | Needham | Buy | Buy | Hold |
| Aug 01, 2024 | Needham | Buy | Buy | Hold |
| Aug 01, 2024 | Cowen & Co. | Hold | Hold | Hold |
| Jun 20, 2024 | B. Riley | Buy | Buy | Hold |
| May 02, 2024 | B. Riley | Buy | Buy | Hold |
| May 02, 2024 | Craig-Hallum | Buy | Buy | Hold |
| May 02, 2024 | Needham | Buy | Buy | Hold |
| May 02, 2024 | Citigroup | Neutral | Neutral | Hold |
| May 02, 2024 | Cowen & Co. | Hold | Hold | Hold |
| Feb 09, 2023 | Needham | Buy | Buy | Hold |
FormFactor's last stock rating was published by Needham on Oct 31, 2024. The company gave FORM a "Buy" rating, the same as its previous rate.
FormFactor Financial Forecast
FormFactor Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $168.16M | $171.57M | $155.92M | $167.45M | $165.99M | $180.87M | $203.91M | $197.17M | $205.00M | $189.96M | $188.08M | $186.64M | $197.04M | $178.00M | $157.82M | $160.75M | $178.63M | $140.60M |
| Avg Forecast | $229.90M | $224.90M | $215.30M | $211.30M | $216.00M | $211.35M | $201.75M | $192.93M | $191.42M | $200.29M | $194.99M | $165.38M | $165.30M | $166.98M | $162.29M | $162.55M | $155.39M | $183.03M | $203.12M | $194.33M | $198.17M | $188.51M | $185.84M | $183.00M | $183.95M | $175.72M | $156.00M | $139.07M | $173.99M | $140.54M |
| High Forecast | $239.86M | $234.65M | $224.63M | $220.46M | $225.36M | $220.51M | $210.49M | $197.14M | $191.60M | $200.89M | $194.99M | $165.38M | $166.71M | $168.96M | $169.32M | $169.59M | $162.13M | $183.03M | $203.12M | $194.33M | $198.17M | $188.51M | $185.84M | $183.00M | $183.95M | $175.72M | $156.00M | $139.07M | $173.99M | $140.54M |
| Low Forecast | $226.79M | $221.86M | $212.39M | $208.44M | $213.08M | $208.50M | $199.02M | $190.11M | $190.88M | $199.69M | $194.99M | $165.38M | $164.81M | $164.96M | $160.10M | $160.35M | $153.29M | $183.03M | $203.12M | $194.33M | $198.17M | $188.51M | $185.84M | $183.00M | $183.95M | $175.72M | $156.00M | $139.07M | $173.99M | $140.54M |
| # Analysts | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 6 | 6 | 5 | 5 | 5 | 6 | 9 | 4 | 4 | 3 | 6 | 3 | 3 | 4 | 6 | 4 | 4 | 8 | 7 | 7 | 8 | 7 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.03% | 0.96% | 1.03% | 1.07% | 0.99% | 1.00% | 1.01% | 1.03% | 1.01% | 1.01% | 1.02% | 1.07% | 1.01% | 1.01% | 1.16% | 1.03% | 1.00% |
FormFactor's average Quarter revenue forecast for Mar 24 based on 5 analysts is $165.38M, with a low forecast of $165.38M, and a high forecast of $165.38M. FORM's average Quarter revenue forecast represents a -1.65% decrease compared to the company's last Quarter revenue of $168.16M (Dec 23).
FormFactor EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 6 | 6 | 5 | 5 | 5 | 6 | 9 | 4 | 4 | 3 | 6 | 3 | 3 | 4 | 6 | 4 | 4 | 8 | 7 | 7 | 8 | 7 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $81.27M | $11.74M | $8.62M | $10.04M | $-5.55M | $15.17M | $43.02M | $43.84M | $41.26M | $32.47M | $33.95M | $35.95M | $35.57M | $34.37M | $22.80M | $30.85M | $36.79M | $20.72M |
| Avg Forecast | $42.14M | $41.22M | $39.46M | $38.73M | $39.59M | $38.74M | $36.98M | $35.36M | $35.08M | $36.71M | $35.74M | $45.36M | $30.30M | $30.60M | $29.75M | $41.24M | $42.06M | $27.84M | $30.89M | $32.60M | $30.14M | $28.67M | $28.26M | $36.87M | $27.98M | $26.72M | $23.72M | $14.54M | $26.46M | $21.37M |
| High Forecast | $43.96M | $43.01M | $41.17M | $40.41M | $41.31M | $40.42M | $38.58M | $36.13M | $35.12M | $36.82M | $35.74M | $54.44M | $30.55M | $30.97M | $31.03M | $49.49M | $50.47M | $27.84M | $30.89M | $39.12M | $30.14M | $28.67M | $28.26M | $44.24M | $27.98M | $26.72M | $23.72M | $17.45M | $26.46M | $21.37M |
| Low Forecast | $41.57M | $40.66M | $38.93M | $38.21M | $39.05M | $38.21M | $36.48M | $34.85M | $34.99M | $36.60M | $35.74M | $36.29M | $30.21M | $30.23M | $29.34M | $32.99M | $33.65M | $27.84M | $30.89M | $26.08M | $30.14M | $28.67M | $28.26M | $29.49M | $27.98M | $26.72M | $23.72M | $11.63M | $26.46M | $21.37M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 2.68% | 0.38% | 0.29% | 0.24% | -0.13% | 0.55% | 1.39% | 1.34% | 1.37% | 1.13% | 1.20% | 0.98% | 1.27% | 1.29% | 0.96% | 2.12% | 1.39% | 0.97% |
5 analysts predict FORM's average Quarter EBITDA for Mar 24 to be $45.36M, with a high of $54.44M and a low of $36.29M. This is -44.18% lower than FormFactor's previous annual EBITDA (Dec 23) of $81.27M.
FormFactor Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 6 | 6 | 5 | 5 | 5 | 6 | 9 | 4 | 4 | 3 | 6 | 3 | 3 | 4 | 6 | 4 | 4 | 8 | 7 | 7 | 8 | 7 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $75.85M | $4.37M | $828.00K | $1.34M | $-13.73M | $4.35M | $30.24M | $29.87M | $25.90M | $20.50M | $17.91M | $19.63M | $19.27M | $22.89M | $20.47M | $15.89M | $18.64M | $8.28M |
| Avg Forecast | $42.36M | $40.00M | $34.91M | $32.94M | $37.99M | $35.26M | $30.93M | $25.67M | $22.95M | $24.51M | $24.54M | $30.91M | $15.80M | $13.66M | $9.59M | $28.10M | $26.40M | $16.76M | $34.07M | $22.21M | $32.34M | $28.23M | $25.53M | $20.13M | $30.70M | $27.81M | $21.91M | $7.49M | $24.63M | $16.66M |
| High Forecast | $44.74M | $42.26M | $36.87M | $34.80M | $40.13M | $37.24M | $32.67M | $27.22M | $24.53M | $24.53M | $24.55M | $37.09M | $16.59M | $15.26M | $10.13M | $33.72M | $31.68M | $16.76M | $34.07M | $26.66M | $32.34M | $28.23M | $25.53M | $24.15M | $30.70M | $27.81M | $21.91M | $8.99M | $24.63M | $16.66M |
| Low Forecast | $41.61M | $39.30M | $34.29M | $32.37M | $37.32M | $34.64M | $30.38M | $24.89M | $22.55M | $24.49M | $24.53M | $24.73M | $15.52M | $13.42M | $9.42M | $22.48M | $21.12M | $16.76M | $34.07M | $17.77M | $32.34M | $28.23M | $25.53M | $16.10M | $30.70M | $27.81M | $21.91M | $5.99M | $24.63M | $16.66M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 4.80% | 0.32% | 0.09% | 0.05% | -0.52% | 0.26% | 0.89% | 1.34% | 0.80% | 0.73% | 0.70% | 0.98% | 0.63% | 0.82% | 0.93% | 2.12% | 0.76% | 0.50% |
FormFactor's average Quarter net income forecast for Mar 24 is $30.91M, with a range of $24.73M to $37.09M. FORM's average Quarter net income forecast represents a -59.25% decrease compared to the company's last Quarter net income of $75.85M (Dec 23).
FormFactor SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 6 | 6 | 5 | 5 | 5 | 6 | 9 | 4 | 4 | 3 | 6 | 3 | 3 | 4 | 6 | 4 | 4 | 8 | 7 | 7 | 8 | 7 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $31.45M | $35.56M | $33.26M | $32.74M | $33.93M | $31.64M | $33.41M | $32.91M | $32.36M | $30.94M | $30.48M | $30.02M | $32.82M | $31.83M | $22.75M | $27.69M | $28.98M | $25.89M |
| Avg Forecast | $40.65M | $39.77M | $38.07M | $37.36M | $38.19M | $37.37M | $35.67M | $34.11M | $33.85M | $35.41M | $34.48M | $34.05M | $29.23M | $29.52M | $28.70M | $30.95M | $32.99M | $32.07M | $35.60M | $24.47M | $34.73M | $33.04M | $32.57M | $30.78M | $32.24M | $30.79M | $27.34M | $13.06M | $30.49M | $24.63M |
| High Forecast | $42.41M | $41.49M | $39.72M | $38.98M | $39.85M | $38.99M | $37.22M | $34.86M | $33.88M | $35.52M | $34.48M | $40.86M | $29.48M | $29.87M | $29.94M | $37.14M | $39.59M | $32.07M | $35.60M | $29.36M | $34.73M | $33.04M | $32.57M | $36.94M | $32.24M | $30.79M | $27.34M | $15.67M | $30.49M | $24.63M |
| Low Forecast | $40.10M | $39.23M | $37.55M | $36.86M | $37.68M | $36.87M | $35.19M | $33.62M | $33.75M | $35.31M | $34.48M | $27.24M | $29.14M | $29.17M | $28.31M | $24.76M | $26.39M | $32.07M | $35.60M | $19.57M | $34.73M | $33.04M | $32.57M | $24.63M | $32.24M | $30.79M | $27.34M | $10.44M | $30.49M | $24.63M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.08% | 1.20% | 1.16% | 1.06% | 1.03% | 0.99% | 0.94% | 1.34% | 0.93% | 0.94% | 0.94% | 0.98% | 1.02% | 1.03% | 0.83% | 2.12% | 0.95% | 1.05% |
FormFactor's average Quarter SG&A projection for Mar 24 is $34.05M, based on 5 Wall Street analysts, with a range of $27.24M to $40.86M. The forecast indicates a 8.26% rise compared to FORM last annual SG&A of $31.45M (Dec 23).
FormFactor EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 6 | 6 | 5 | 5 | 5 | 6 | 9 | 4 | 4 | 3 | 6 | 3 | 3 | 4 | 6 | 4 | 4 | 8 | 7 | 7 | 8 | 7 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.98 | $0.06 | $0.01 | $0.02 | $-0.18 | $0.06 | $0.39 | $0.38 | $0.33 | $0.26 | $0.23 | $0.25 | $0.25 | $0.30 | $0.27 | $0.21 | $0.25 | $0.11 |
| Avg Forecast | $0.54 | $0.51 | $0.45 | $0.42 | $0.48 | $0.45 | $0.39 | $0.33 | $0.29 | $0.31 | $0.31 | $0.19 | $0.20 | $0.17 | $0.12 | $0.13 | $0.03 | $0.21 | $0.43 | $0.39 | $0.41 | $0.36 | $0.32 | $0.39 | $0.39 | $0.35 | $0.28 | $0.21 | $0.31 | $0.21 |
| High Forecast | $0.57 | $0.54 | $0.47 | $0.44 | $0.51 | $0.47 | $0.42 | $0.35 | $0.31 | $0.31 | $0.31 | $0.19 | $0.21 | $0.19 | $0.13 | $0.14 | $0.03 | $0.21 | $0.43 | $0.39 | $0.41 | $0.36 | $0.32 | $0.39 | $0.39 | $0.35 | $0.28 | $0.21 | $0.31 | $0.21 |
| Low Forecast | $0.53 | $0.50 | $0.44 | $0.41 | $0.48 | $0.44 | $0.39 | $0.32 | $0.29 | $0.31 | $0.31 | $0.19 | $0.20 | $0.17 | $0.12 | $0.13 | $0.03 | $0.21 | $0.43 | $0.39 | $0.41 | $0.36 | $0.32 | $0.39 | $0.39 | $0.35 | $0.28 | $0.21 | $0.31 | $0.21 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 4.87% | 0.34% | 0.08% | 0.15% | -5.54% | 0.28% | 0.90% | 0.97% | 0.80% | 0.73% | 0.71% | 0.65% | 0.64% | 0.85% | 0.97% | 0.99% | 0.80% | 0.52% |
According to 5 Wall Street analysts, FormFactor's projected average Quarter EPS for Mar 24 is $0.19, with a low estimate of $0.19 and a high estimate of $0.19. This represents a -80.57% decrease compared to FORM previous annual EPS of $0.98 (Dec 23).
FormFactor Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| MX | Magnachip Semiconductor | $3.67 | $8.00 | 117.98% | Buy |
| MXL | MaxLinear | $15.74 | $33.88 | 115.25% | Hold |
| SLAB | Silicon Laboratories | $103.44 | $151.00 | 45.98% | Buy |
| AMKR | Amkor | $26.35 | $36.50 | 38.52% | Buy |
| POWI | Power Integrations | $62.41 | $79.00 | 26.58% | Buy |
| FORM | FormFactor | $40.78 | $51.17 | 25.48% | Buy |
| DIOD | Diodes | $59.17 | $74.00 | 25.06% | Buy |
| CRUS | Cirrus Logic | $102.55 | $115.09 | 12.23% | Buy |
| MTSI | MACOM Technology Solutions | $131.33 | $103.88 | -20.90% | Buy |