On June 8, FormFactor rose 5.53% overnight, trading at $123.15/share, with trading volume of $48,400, extending a rebound from recent oversold levels.

On the news front, Evercore ISI upgraded FormFactor from In Line to Outperform, setting a target price of $155. According to FactSet, the stock carries an average analyst rating of Overweight with a mean price target of $154.75, implying significant upside from the current price. The upgrade comes after FormFactor's stock pulled back sharply from its late-May high of approximately $138 following strong Q1 results that included revenue of $230 million, gross margin improvement of 5.1 percentage points to 49.0%, and raised Q2 guidance. The positive analyst signal, combined with broader semiconductor equipment sector strength — with ASML up 3.49%, Teradyne up 3.06%, Applied Materials up 2.38%, Lam Research up 1.99%, and KLA-Tencor up 1.22% — collectively supported the overnight rebound.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)