FormFactor Kept at Hold as Long-Term Growth Plan and AI Tailwinds Are Seen as Priced In
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Needham analyst Charles Shi has maintained a Hold rating on FormFactor (FORM) stock, citing a balanced risk-reward scenario. The company's ambitious five-year plan aims for 15% annual revenue growth to $1.6 billion by 2030, with mid-50% gross margins. While AI and data-center networking trends support growth, much optimism is already priced in. TD Cowen also holds a $150 price target for the stock.
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