FORM Price Prediction Next Week
Analysis and Insights
To predict the stock price of FormFactor (FORM) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
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.
News Sentiment and Fundamental Analysis:
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.
Analyst Sentiment:
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.
Fibonacci Levels:
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.
Conclusion:
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.
FORM Similar Chart Price Prediction
The price of FORM is predicted to go up -15.44%, based on the high correlation periods with RLJ. The similarity of these two price pattern on the periods is 96.72%.
FORM
RLJ
Down: -15.44%Similarity: 96.72%
FORM Revenue Forecast
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FORM Analyst's Forecast
Atif Malik
Citigroup
Hold → Strong Buy
2025-01-06
Price Target
$44 → $51
Upside
+10.58%
Citi upgraded FormFactor to Buy from Neutral with a price target of $51, up from $44.
