Needham Maintains Buy on FormFactor, Lowers Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Charles Shi maintains a Buy rating on FormFactor (NASDAQ:FORM) but lowers the price target from $60 to $52.
October 31, 2024 | 1:27 pm
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Needham analyst Charles Shi continues to recommend buying FormFactor stock but has reduced the price target from $60 to $52, indicating a more cautious outlook.
The maintained Buy rating suggests continued confidence in FormFactor's prospects, but the lowered price target reflects a more cautious stance, possibly due to market conditions or company performance. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100