Information Provided By:
News For FORM From the Last 2 Days
FORM
Apr 15, 2024 | 16:30 EDT
Evercore ISI analyst Vedvati Shrotre initiated coverage of FormFactor with an In Line rating and $50 price target. The company should benefit over the near term from a cyclical recovery in PC markets, with 2024 and 2025 revenue growing 7% and 13% from last year respectively, but the recovery is likely priced in as the stock trades at an 86% P/E premium to SPX and at 27-times the firm's expected 2025 EPS, the analyst tells investors in a research note.