---
title: "FormFactor Kept at Hold as Long-Term Growth Plan and AI Tailwinds Are Seen as Priced In"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286142873.md"
description: "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."
datetime: "2026-05-12T18:35:23.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286142873.md)
  - [en](https://longbridge.com/en/news/286142873.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286142873.md)
---

# FormFactor Kept at Hold as Long-Term Growth Plan and AI Tailwinds Are Seen as Priced In

Needham analyst Charles Shi has maintained their neutral stance on FORM stock, giving a Hold rating today.

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Charles Shi has given his Hold rating due to a combination of factors tied to FormFactor’s long‑term outlook and current valuation balance. Management outlined an ambitious five‑year plan, targeting roughly 15% annual revenue growth to about $1.6 billion by 2030, with non‑GAAP gross margins reaching the mid‑50% range and a sizable increase in earnings per share.

Shi also notes that artificial intelligence, high‑bandwidth memory test intensity, and growing demand for co‑packaged optics in data‑center networking provide solid structural growth drivers for both probe cards and systems. However, because these benefits are spread over several years and much of the optimism may already be reflected in the share price, he views the risk‑reward as balanced at present, supporting a Hold rather than a more aggressive rating.

Shi covers the Technology sector, focusing on stocks such as Cadence Design, Onto Innovation, and Axcelis Technologies. According to TipRanks, Shi has an average return of 40.5% and a 62.12% success rate on recommended stocks.

In another report released today, TD Cowen also maintained a Hold rating on the stock with a $150.00 price target.

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