
FormFactor (FORM) Stock Forecast & Price Target
FormFactor (FORM) Analyst Ratings
Bulls say
FormFactor Inc. is anticipated to experience sales growth for the full year, despite prevailing softness in consumer-led markets, with management projecting a potential rebound in foundry/logic probe card revenue as early as the second quarter of 2025. The company has expressed increased optimism regarding new business acquisition opportunities, particularly with a leading fabless microprocessor customer, expected to contribute to revenue lines in 2025. Notably, management is bullish on the upcoming HBM4 transition, which is predicted to drive new demand for probe cards, alongside a strong long-term outlook for its advanced wafer probe card business and engineering-focused test/measurement systems, suggesting a pathway to restoring run rates back to the $200 million level.
Bears say
FormFactor Inc. has experienced a notable downturn in its financial performance, reporting a 9% quarter-over-quarter revenue decline in 4Q24, driven by a significant 23% drop in Foundry-Logic revenue, compounded by the loss of Intel as a key customer. The company's guidance for 1Q25 indicates a further sequential decline of 10% in revenue, falling short of both internal and consensus expectations, highlighting ongoing challenges within the semiconductor market. Additionally, the negative outlook projects continued revenue declines in the Probe Cards Segment and sluggish growth in the Systems Segment, further exacerbated by unfavorable changes in customer demand and market conditions, including new export controls impacting DRAM sales.
This aggregate rating is based on analysts' research of FormFactor and is not a guaranteed prediction by Public.com or investment advice.
FormFactor (FORM) Analyst Forecast & Price Prediction
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