Citi Downgrades FormFactor, Inc. (FORM) to 'Neutral'; Stifel Reaffirms 'Hold' Rating

FormFactor, Inc. (NASDAQ:FORM) is one of the 12 Best Quantum Computing Stocks to Buy According to Wall Street Analysts.

FormFactor, Inc. (NASDAQ:FORM) received muted analyst opinions this month as growth hurdles weighed on its expectations.

Citi downgraded FormFactor, Inc. (NASDAQ:FORM) to Neutral from Buy on August 21, 2025, and lowered its price target from $36 to $31. According to analyst Elizabeth Sun, while advanced packaging demand supports FormFactor, slowing trends in smartphones and PCs are putting pressure on sales and profitability, as difficulties outside of AI-driven applications contributed to the downgrade.

Earlier, on August 13, 2025, Stifel Nicolaus reaffirmed its Hold rating on FormFactor, Inc. (NASDAQ:FORM) with a $31 price target, indicating modest potential in the short term. Overall, the updates suggest a cautious approach as investors examine how FormFactor manages irregular demand across its end markets.

FormFactor, Inc. (NASDAQ:FORM) develops and manufactures semiconductor test and measurement products, such as probe cards, cryogenic systems, and thermal subsystems, for global chipmakers and researchers in advanced electronics markets. It is one of the Best Quantum Computing Stocks.

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