Stock Track | FormFactor Soars 5.05% Intraday as B. Riley Raises Price Target to $130

Stock Track04-13 23:07

FormFactor's stock surged 5.05% during intraday trading on Monday, marking a significant upward move for the semiconductor testing company.

The rally appears to be driven by analyst action from B. Riley, which raised its price target on FormFactor to $130 from $100. While the firm downgraded the stock to Neutral from Buy, citing valuation, the substantial increase in the price target suggests continued confidence in the company's fundamentals and potential upside.

Market participants likely focused on the positive implication of the higher price target, leading to increased buying interest during the session.

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