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Published
01 Jun 25
Updated
18 Jun 26
Views
67
Not Invested
FormFactorFORM
FORM logo
Fair Value
US$175
Share price18 Jun
US$118.3832.4% undervalued intrinsic discount
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1Y236.02%
7D2.98%

AI And Digital Transformation Will Fuel Advanced Chip Testing Expansion

AN
AnalystHighTarget
AnalystHighTarget

Analyst High Target compiles bullish analysts opinions to create narratives which represent one standard deviation above the consensus price target, using forecasted revenue and earnings figures, as well as the transcripts of earnings calls

Published
01 Jun 25
Updated
18 Jun 26
Views
67
Not Invested
Fair ValueUS$175
Share priceUS$118.38
32.4% undervalued intrinsic discount
Narrative
Updates6

Shared on 18 Jun 26

FORM: AI Compute Intensity Tailwinds Will Support Margins And Earnings Multiple

Wall Street is getting more upbeat on FormFactor as demand tied to AI keeps showing up in orders and execution, helping the company look like a stronger long-term grower than many expected. Even after a strong quarter, the stock swings around on bigger market headlines—so it’s worth understanding what analysts think is really driving the next leg.
Read more
3 viewsusers have viewed this narrative update

Shared on 04 Jun 26

Fair value Increased 75%

FORM: AI And High Bandwidth Memory Demand Will Support Margins Into 2026

Wall Street turns more optimistic on FormFactor as analysts raise their expectations for demand tied to AI and high-bandwidth memory, and say this could help keep profitability steadier into next year. The update also flags that some analysts are still uneasy about unclear company guidance and how much good news is already priced in.
Read more
3 viewsusers have viewed this narrative update

Shared on 30 Mar 26

Fair value Increased 14%

FORM: High Bandwidth Memory And New Partnerships Will Support Margins Into 2026

FormFactor's fair value estimate has increased from $88.00 to $100.00 as analysts raise price targets following broader Street research updates on the stock. Analyst Commentary Recent Street research on FormFactor has been largely supportive, with a series of bullish analysts lifting price targets across multiple firms.
Read more
7 viewsusers have viewed this narrative update

Shared on 19 Jan 26

Fair value Increased 13%

FORM: High Bandwidth Memory Upside Will Support Stronger Margins Into 2026

Analysts have lifted their price targets on FormFactor, supporting a fair value move from $78.00 to $88.00. They point to faster margin improvement and potential upside tied to high bandwidth memory and graphics processing unit related demand.
Read more
6 viewsusers have viewed this narrative update

Shared on 05 Jan 26

FORM: High Bandwidth Memory Upside Will Drive Stronger Margins Into 2026

Analysts have raised their price target on FormFactor significantly, highlighting the company's recent beat-and-raise quarter, faster-than-expected margin improvement, and growing exposure to high bandwidth memory and graphics processing units demand into 2026. Analyst Commentary Bullish analysts are increasingly confident that FormFactor's recent operating momentum can be sustained, pointing to a favorable setup into 2026 driven by secular demand for advanced semiconductor testing solutions.
Read more
6 viewsusers have viewed this narrative update

Shared on 21 Dec 25

Fair value Increased 75%

FORM: High Bandwidth Memory Demand Will Drive Stronger Margins Ahead

Analysts have significantly raised their price target on FormFactor from approximately $45 to $78. They cite stronger than expected margin improvement, high bandwidth memory demand, and long term upside from graphics processing units exposure as key drivers.
Read more
5 viewsusers have viewed this narrative update

Fair Value vs Share Price

US$175
vs US$118.3832.4% undervalued intrinsic discount
PastFuture-7m2b2015201820212024202620272029Revenue US$1.7bEarnings US$465.9m
25.3%
Revenue growth
28.2%
Profit margin

Recent News & Updates

No updates

Recent updates

No updates

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Company analysis

Flawless balance sheet with reasonable growth potential.

Market capUS$9.2b
PB8.3x
Estimated Growth15.6%
Dividend YieldN/A
Full analysis

CEO & management

Michael Slessor
CEO
2.7yrs
CEO Tenure

Designs, manufactures, and sells probe cards, analytical probes, probe stations, thermal systems, cryogenic systems, and related services in the United States, South Korea, Taiwan, China, Japan, Singapore, Europe, Malaysia, and internationally.

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