Deutsche Bank Initiates Coverage of FormFactor with Buy
Fintel reports that on September 30, 2026, Deutsche Bank initiated coverage of FormFactor (NASDAQGS:FORM) (XTRA:FMF) with a Buy recommendation.
FormFactor, Inc., based in the United States, operates primarily within the semiconductor industry, specializing in the design, development, and manufacture of advanced semiconductor test and measurement equipment. The company focuses on high-performance probe cards, analytical probes, probe stations, thermal subsystems, and related services, catering to semiconductor manufacturers to augment their device performance and reduce production costs. FormFactor's key projects revolve around enabling technologies for testing semiconductors at various development stages, including electrical wafer sort and integrated circuit testing under rigorous conditions.
Prior to the rating action, the stock closed at $136.25 on September 29, 2026. This follows a price change of +8.13% over one week, relative to a baseline close of $126.01 on September 22, 2026, and a price change of +33.98% over one month, relative to a baseline close of $101.70 on August 28, 2026. In its latest earnings report on July 29, 2026, FormFactor reported actual revenue of $258,242,000.00, compared to an estimate of $244,798,643.00. The company's actual earnings per share (EPS) was 0.82, exceeding the estimate of 0.6216, which represents an EPS surprise of +31.92%. The company's upcoming earnings date is scheduled for October 27, 2026.
Separately from Deutsche Bank's individual rating, the current consensus target mean for FormFactor was $139.06 as of September 16, 2026, which is unchanged from the prior consensus target mean of $139.06 on August 28, 2026, representing a consensus target revision of 0.00%. The current consensus target median was $153.00 as of September 16, 2026, representing an implied change of +2.06%. As of the current recommendation period starting September 1, 2026, the aggregate analyst recommendations consisted of 3 strong buy, 7 buy, 6 hold, 0 sell, and 0 strong sell ratings, totaling 16 recommendations. This breakdown represents 62.5% positive, 37.5% hold, and 0.0% negative recommendations, which remains unchanged from the prior recommendation period starting August 1, 2026.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 30, 2026 | Deutsche Bank | Buy | initiated coverage |
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This story originally appeared on Fintel.