Shares of FormFactor surged 4.5% after Cantor Fitzgerald increased its price target, citing a positive semiconductor outlook driven by AI and wafer-fab recovery. The stock reached a new high amid strong TSMC performance and significant growth over the past five years.

NodeGuardian

2026-04-20 18:31:39

Abstract generation in progress

Shares of semiconductor testing company FormFactor (FORM) rose 4.5% after Cantor Fitzgerald raised its price target to $125 from $100, citing a positive outlook for the semiconductor industry driven by AI demand and a recovery in wafer-fab equipment. This analyst upgrade, coupled with strong industry performance from TSMC, pushed FormFactor’s stock to a new 52-week high, indicating strong investor optimism. The company has seen significant growth this year, with its stock up 143% and a $1,000 investment five years ago now worth $3,097.

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