B.Riley FBR analyst Craig Ellis reiterated a Buy rating on Formfactor (NASDAQ:FORM) on Wednesday, setting a price target of $45, which is approximately 54.37% above the present share price of $29.15.
Ellis expects Formfactor to post earnings per share (EPS) of $0.27 for the third quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Strong Buy rating of shares in Formfactor, with an average price target of $35.
The analysts price targets range from a high of $45 to a low of $30.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $157.82 million and a net profit of $22.49 million. The company's market cap is $2.25 billion.
According to TipRanks.com, B.Riley FBR analyst Craig Ellis is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 2.9% and a 50.29% success rate.
FormFactor , Inc. engages in the provision of test and measurement solutions. It operates through the following segments: Probe Cards and Systems. The Probe Cards segment consists of technologies and product architectures, including micro-electromechanical systems technologies. The Systems segment comprises of analytical probe solutions for on-wafer probing, board test, and package test. FormFactor was founded by Igor Khandros on April 15, 1993 and is headquartered in Livermore, CA.