B.Riley FBR analyst Craig Ellis maintained a Buy rating on Formfactor (NASDAQ:FORM) on Thursday, setting a price target of $36, which is approximately 23.33% above the present share price of $29.19.
Ellis expects Formfactor to post earnings per share (EPS) of $0.21 for the second quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Formfactor, with an average price target of $29.83.
The analysts price targets range from a high of $36 to a low of $23.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $160.75 million and a net profit of $18.43 million. The company's market cap is $2.32 billion.
According to TipRanks.com, B.Riley FBR analyst Craig Ellis is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -1.6% and a 45.58% 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.