To predict the stock price of FormFactor (FORM) for the next trading week, we analyze both technical indicators and recent news sentiment.
FormFactor's stock is currently showing signs of being oversold, with an RSI of 36.55, indicating potential exhaustion of selling pressure. The stock closed at $32.38 on March 24, 2025, with a pre-market increase of 3.12%, suggesting positive sentiment.
FormFactor recently announced the closing of its FICT transaction, which is expected to enhance its position in the quantum computing market. The company has shown strong revenue growth, with a quarterly revenue of $207.92 million, up from $171.58 million the previous year.
Analysts have a Moderate Buy rating on FormFactor, with a price target of $50. The stock has a Positive investor sentiment signal, indicating optimism among investors.
The Fibonacci levels indicate support at $30.60 and resistance at $33.08. The stock is currently trading near the lower end of its 52-week range, suggesting potential upside.
Based on the oversold RSI, positive news, and analyst sentiment, FormFactor's stock is expected to rise next week. The target price is approximately $34.50, and the recommendation is to buy.
The price of FORM is predicted to go up -2.46%, based on the high correlation periods with VMO. The similarity of these two price pattern on the periods is 97.24%.
FORM
VMO
Citigroup
2025-01-06
Price Target
$44 → $51
Upside
+10.58%