FormFactor is trading at $91.44, up +4.47%, after Freedom Capital Markets upgraded it to Buy before the market opened November 2, maintaining its $140 price target.
- The upgrade coincided with a broader market rebound, with the S&P 500 up 1.00% and the Nasdaq up 1.23%.
- FormFactor fell 10.19% on October 30 after its latest earnings report highlighted manufacturing capacity constraints, a recent overhang rather than a new negative catalyst today.