FORMTechnology · Semiconductor Equipment & MaterialsThe 10 Wall Street analysts covering FormFactor, Inc. hold a median 12-month price target of $150 — +76.0% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 85 of 100 as at 3 Nov 2026 — inside the top quartile. Here, the model and the Street point the same way.
Consensus tells you what everyone already believes. The model scores FormFactor, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Revisions (100): Analysts have, on balance, been raising their forecasts.
Volatility (15): The share price moves around a lot.
Built and run by Aslam Ghouse, an ex-Goldman Sachs systematic trader with 15+ years in markets.
The bullish and bearish analyst opinions on FORM, reported as data — targets and ratings, the market's view beside the model's.
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Data provided by Twelve Data
The green dot is the last close — the median target sits +76.0% from it.
Of the 20 most recent actions, 2 moved their price target up and 3 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 2 Nov 2026 | Freedom Capital Markets | Upgrade | Buy | $140 |
| 29 Oct 2026 | TD Cowen | Maintains | Hold | $100 → $110 |
| 28 Oct 2026 | Evercore ISI Group | Maintains | Outperform | $150 → $140 |
| 21 Oct 2026 | Freedom Capital Markets | Maintains | Hold | — |
| 21 Oct 2026 | Freedom Capital Markets | Maintains | Hold | $140 |
| 5 Oct 2026 | Freedom Capital Markets | Maintains | Hold | $64 → $140 |
| 5 Oct 2026 | Freedom Capital Markets | Maintains | Hold | — |
| 30 Sept 2026 | Deutsche Bank | Initiates | Buy | $200 |
| 30 Sept 2026 | Deutsche Bank | Initiates | Buy | — |
| 30 July 2026 | Evercore ISI Group | Maintains | Outperform | $155 → $150 |
| 30 July 2026 | Evercore ISI Group | Maintains | Outperform | — |
| 30 July 2026 | TD Cowen | Maintains | Hold | $150 → $100 |
| 30 July 2026 | TD Cowen | Maintains | Hold | — |
| 12 June 2026 | B. Riley Securities | Upgrade | Buy | $165 |
| 12 June 2026 | B. Riley Securities | Upgrade | Buy | — |
| 5 June 2026 | Evercore ISI Group | Upgrade | Outperform | $155 |
| 5 June 2026 | Evercore ISI Group | Upgrade | Outperform | — |
| 12 May 2026 | B. Riley Securities | Maintains | Neutral | — |
| 12 May 2026 | Craig-Hallum | Upgrade | Buy | — |
| 30 Apr 2026 | Citigroup | Maintains | Buy | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
The model tests each one against its peers. 4 pass every test this week.
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Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 4 Nov 2026, FormFactor, Inc. returned +64.8% against +12.9% for the S&P 500, dividends included.
Download this chart as an image — free to reuse; link this page as the source.
Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 16% of US stocks
Cheaper than 16% of US stocks
Cheaper than 14% of US stocks
Cheaper than 10% of US stocks
Higher than 82% of US stocks
Higher than 94% of US stocks
Higher than 63% of US stocks
Higher than 87% of US stocks
Higher than 80% of US stocks
Higher than 75% of US stocks
Higher than 92% of US stocks
Higher than 1% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
The headline figures, each with its date. Every row carries its own link — cite it straight from here.
FormFactor, Inc. has a market value of $7.5B and an enterprise value of $6.5B.
Revenue in the twelve months to 30 June 2026: $902.2M. The latest quarter grew 38.4% year on year.
Net income over the same four quarters: $115.5M, a 12.8% net margin.
Diluted earnings per share, trailing twelve months: $1.46.
Free cash flow in the twelve months to 30 June 2026: $136.1M.
Trailing P/E: 44.2×; forward P/E: 22.7× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 0.00%, paying out 0% of earnings.
FormFactor, Inc. employs 2,153 people — $419K of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
Look up any of the roughly 4,600 stocks we score.
The rank is the raw material. Whether the rules would actually own FormFactor, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →
FormFactor’s Q3 earnings call highlighted a target of $400 million in annual probe card capacity by 2027. The company cited AI-driven chip-testing demand, manufacturing improvements and photonics growth as factors supporting the expansion.
Why it matters — The capacity target and cited demand drivers provide FORM watchers with context on the company’s planned expansion.
FormFactor reported Q3 revenue growth of 38.4% to $280.5 million alongside strong profit growth. Rising demand for probe cards has pushed capacity utilization near full and led to plans for a new Texas factory; silicon photonics revenue is also accelerating.
Why it matters — The factory expansion and growing probe-card and silicon photonics demand could shape FORM’s growth, while customer concentration and margin sustainability remain risks.
Zacks Investment Research describes FormFactor as having solid growth attributes that could help it outperform the market, and frames the article around three reasons for that view.
Why it matters — The item presents a positive growth-oriented assessment of FORM for investors following the company.
Zacks Investment Research says FormFactor is a better buy than Cohu, citing higher profitability, established AI revenues, and cash-generation ability.
Why it matters — The comparison highlights profitability, AI revenue, and cash generation as reasons the source views FORM favorably against Cohu.
FormFactor shares fell 11.65% on Thursday after third-quarter 2026 results, despite earnings and revenue exceeding expectations. The excerpt attributes the decline to concerns about near-term growth, capacity constraints, margin normalization, and temporary costs tied to the Farmers Branch facility.
Why it matters — The share decline followed stronger-than-expected reported results, while investor concerns focused on growth and profitability pressures.
The 10 Wall Street analysts covering FormFactor, Inc. have a median 12-month price target of $150, with estimates ranging from $110 to $200. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 10 analysts covering FormFactor, Inc., 7 rate it a Buy, 3 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks FormFactor, Inc. 85 out of 100 across roughly 4,600 US stocks as at 3 Nov 2026. None of this is personal advice — it does not consider your circumstances.
As at 3 Nov 2026, FormFactor, Inc. ranks 85 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Revisions (100 of 100).
No one can know that. What the data says: the median 12-month target from 10 analysts implies +76.0% from the last close, and Ticker Nerd's factor model ranks FormFactor, Inc. 85 out of 100 as at 3 Nov 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
No analyst covering FormFactor, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for FORM are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $110 to $200 over the next 12 months.
FormFactor, Inc. returned +64.8% over the 12 months to 4 Nov 2026, with dividends reinvested. Past performance does not indicate future returns.
FormFactor Inc. is a semiconductor test and measurement company that supplies essential products used to validate integrated circuits throughout the chip lifecycle.
The most recent item we track (Zacks Investment Research, 4 Nov 2026): "FORM Q3 Earnings Call Highlights Capacity Expansion and AI Demand". FormFactor’s Q3 earnings call highlighted a target of $400 million in annual probe card capacity by 2027. The company cited AI-driven chip-testing demand, manufacturing improvements and photonics growth as factors supporting the expansion.
FormFactor Inc. is a semiconductor test and measurement company that supplies essential products used to validate integrated circuits throughout the chip lifecycle. FormFactor Inc. designs and manufactures probe cards, analytical probes, probe stations, thermal systems, and cryogenic systems that support electrical and optical testing in research, development, qualification, and production environments. Its solutions are used across logic, memory, radio frequency, analog, mixed-signal, image sensor, and advanced packaging applications, helping semiconductor manufacturers evaluate device performance and improve process control. The company serves customers in semiconductor manufacturing and scientific research through its Probe Cards and Systems segments, with a focus on enabling accurate wafer-level testing and device characterization. Headquartered in Livermore, California, and founded in 1993, FormFactor Inc. plays a specialized role in the semiconductor equipment market by supporting the measurement and validation tools needed for modern chip development and high-volume manufacturing.
CEO Dr. Michael D. Slessor Ph.D. · 2,153 employees · United States · https://www.formfactor.com
