FormFactor stock gets a USD 200 target from Deutsche Bank

Published on 10/04/2026 at 21:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FormFactor stock enters October after Q2 revenue reached USD 258.24 million, up 31.9 percent year over year. Adjusted EPS was USD 0.82 versus USD 0.61 consensus.

FORM, US3463751087, Illustration mit AI erstellt.

FormFactor (ISIN US3463751087) closed at USD 149.15 on Nasdaq on October 2, 2026, with a market capitalization of USD 11.7 billion and a 52-week high of USD 160.27. On September 30, CNBC reported that Deutsche Bank initiated coverage with a Buy rating and a USD 200 price target. That target lies 34.1 percent above the October 2 close.

Q2 revenue sets the growth benchmark

FormFactor's second-quarter 2026 revenue reached USD 258.24 million, up 31.9 percent from the same quarter a year earlier, according to MarketBeat on September 15, 2026. Adjusted earnings per share came in at USD 0.82, compared with USD 0.61 expected, while management set third-quarter 2026 adjusted EPS guidance at USD 0.77-0.95.

The earnings profile gives the analyst action a concrete operating backdrop. Revenue growth of 31.9 percent and the USD 0.21 adjusted EPS beat show that the investment case rests on reported execution as well as expectations for semiconductor test demand.

Consensus sits below the stock

MarketBeat reported a Moderate Buy consensus on September 15, 2026, based on 11 analysts: six Buy ratings, four Holds and one Strong Buy. The average 12-month price target was USD 127.45, below the USD 149.15 Nasdaq close, creating a clear gap between the aggregate view and Deutsche Bank's USD 200 target.

That spread matters because the stock price already reflects a large part of the year's gains. The October 2 close was USD 11.12 below the 52-week high, or 6.9 percent, while the session range ran from USD 145.89 to USD 151.18 on volume of 2,035,718 shares.

FormFactor stock remains near its yearly high

FormFactor stock closed at USD 149.15 on October 2, 2026, up USD 0.71, or 0.48 percent, from the prior close of USD 148.44. The stock therefore finished the completed session near its USD 160.27 yearly high, while the USD 11.7 billion market capitalization places the operating results and analyst forecasts against a substantially higher valuation than the average target.