FormFactor price target raised to $55 from $42 at DA Davidson

DA Davidson raised the firm’s price target on FormFactor to $55 from $42 and keeps a Buy rating on the shares. The company reported “solid” Q1 revenue beat, benefiting from a demand step up in DRAM from new DDR5 designs as well as unprecedented momentum in high bandwidth memory, or HBM, for AI applications, the analyst tells investors in a research note.