Analyst Confidence Soars for FormFactor Following Technology Showcase

Wall Street sentiment toward semiconductor testing specialist FormFactor has strengthened significantly. The firm B. Riley Securities has not only reaffirmed its bullish stance on the company's shares but has also issued a substantially higher price target. This optimistic revision comes in the wake of FormFactor's presentation of cutting-edge new technologies at a major industry event.

Market strategist Craig Ellis at B. Riley Securities maintained a "Buy" recommendation on Friday. In a decisive move, he raised the firm's price objective for FormFactor from $66.00 to $78.00, marking an increase of more than 18%. The equity had previously closed the trading session at $55.44 per share. This adjustment signals a heightened level of confidence in the company's future financial trajectory and market position.

The company's commitment to expansion is further evidenced by its capital expenditure plans. An investment exceeding $140 million has been earmarked for 2026 to establish a new manufacturing facility in Farmers Branch, Texas. Originally announced in November, this initiative is designed to scale production capacity and reinforce domestic supply chain resilience.

Should investors sell immediately? Or is it worth buying FormFactor?

For the ongoing fourth quarter of 2025, management has provided revenue guidance of approximately $210 million. The company also anticipates achieving an adjusted gross margin near 42%. Investors can expect a detailed financial update upon the release of the official Q4 2025 results.

Innovation Drives Positive Outlook

The analyst's upgraded assessment follows closely on the heels of FormFactor's participation in the European Microwave Week (EuMW) 2025. At this key conference, the company unveiled several advanced product innovations. Featured developments included the InfinityXF™ probe, engineered for coaxial measurements up to 250 GHz, and a novel calibration algorithm aimed at suppressing interference signals in high-frequency measurement probes. These technological advancements are positioned to enhance both the speed and reliability of wafer-level testing within semiconductor manufacturing processes.

The confluence of robust innovation and strategic capacity expansion forms the core of the renewed analyst optimism surrounding FormFactor's stock.