B.Riley Financial analyst Craig Ellis maintained a Buy rating on Formfactor (NASDAQ:FORM) on Wednesday, setting a price target of $26, which is approximately 38.95% below the present share price of $42.59.
Ellis expects Formfactor to post earnings per share (EPS) of $0.30 for the first quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Formfactor, with an average price target of $54.5.
The analysts price targets range from a high of $60 to a low of $50.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $178 million and a net profit of $22.04 million. The company's market cap is $3.3 billion.
According to TipRanks.com, B.Riley Financial analyst Craig Ellis is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 21.4% and a 66.20% 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.