FormFactor (FORM) PT Raised to $125 at Cantor Fitzgerald; Modest Beat, Raise Likely

Cantor Fitzgerald analyst Matthew Prisco raised the price target on FormFactor (NASDAQ: FORM) to $125.00 (from $100.00) while maintaining an Overweight rating.

The analyst commented, "We look for a modest beat and raise as demand remains robust, but upside is limited by capacity ahead of the Farmer's Branch ramp. We continue to see EPS upside to $3.00 in CY27 (vs cons $2.20), though with an Analyst Day scheduled for May 11th in NYC, all focus is on the company's updated LT target model - where we see a path to $4+ in EPS, supporting our updated price target of $125 (prior $100) based on a 31x multiple."

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