FormFactor (FORM): Thought From CFO Meeting - Needham

November 22, 2016 6:34 AM EST
Get Alerts FORM Hot Sheet
Price: $11.50 --0%

Rating Summary:
    5 Buy, 1 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 8 | New: 3
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Needham & Company analyst Edwin Mok, reiterated his Buy rating on shares of FormFactor (NASDAQ: FORM) after hosting investor meetings with FORM CFO Mike Ludwig and Director of IR Stan Finkelstein.

The analyst came away confident on FORM's growth potential, driven by increased adoption of its advanced probe cards and new opportunities in the system business. He believes FORM will be able to drive incremental cost synergies with its Cascade acquisition, while efforts to develop new synergistic products have also started. Despite some near-term seasonally limiting sequential growth, he expects to see growth over the longer-term.

No change to price target of $13.

For an analyst ratings summary and ratings history on FormFactor click here. For more ratings news on FormFactor click here.

Shares of FormFactor closed at $11.10 yesterday.

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