Fabrinet (NYSE:FN) Price Target Lowered to $680.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan cut its price target to $680 (from $700) and kept a "neutral" rating on Fabrinet, implying roughly a 3.3% upside from the stock's recent price.
• Fabrinet posted a Q3 beat—EPS $3.72 vs. $3.58 and revenue ~$1.21B (+39% YoY)—but shares sold off after management's Q4 guidance was largely in‑line, prompting sell‑the‑news pressure and multiple compression.
• Analyst views are mixed — five Buy and five Hold ratings yield a consensus of "Moderate Buy" with an average price target of $661.75, while risks cited include datacom supply constraints, rising capex and insider selling.

Fabrinet (NYSE:FN - Get Free Report) had its price objective cut by research analysts at JPMorgan Chase & Co. from $700.00 to $680.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the technology company's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 3.27% from the company's current price.

A number of other brokerages also recently issued reports on FN. Susquehanna boosted their price objective on shares of Fabrinet from $550.00 to $570.00 and gave the company a "positive" rating in a research report on Thursday, January 22nd. Needham & Company LLC reissued a "buy" rating and set a $800.00 price objective on shares of Fabrinet in a research report on Tuesday. Rosenblatt Securities boosted their price objective on shares of Fabrinet from $715.00 to $750.00 and gave the company a "buy" rating in a research report on Tuesday. Zacks Research downgraded shares of Fabrinet from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 6th. Finally, Wolfe Research raised shares of Fabrinet from a "peer perform" rating to an "outperform" rating and set a $540.00 price objective for the company in a research report on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Fabrinet currently has a consensus rating of "Moderate Buy" and an average price target of $661.75.

Fabrinet Stock Performance

Shares of FN stock traded down $59.35 during mid-day trading on Tuesday, reaching $658.45. 1,835,855 shares of the company's stock traded hands, compared to its average volume of 721,882. Fabrinet has a 12 month low of $193.54 and a 12 month high of $734.79. The firm has a 50 day moving average price of $588.72 and a two-hundred day moving average price of $504.95. The firm has a market capitalization of $23.59 billion, a PE ratio of 63.07 and a beta of 1.22.

Fabrinet (NYSE:FN - Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.58 by $0.14. Fabrinet had a net margin of 9.69% and a return on equity of 18.69%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the firm posted $2.52 EPS. The company's revenue for the quarter was up 39.3% compared to the same quarter last year. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, equities analysts expect that Fabrinet will post 12.8 earnings per share for the current fiscal year.

Institutional Trading of Fabrinet

Several hedge funds have recently bought and sold shares of FN. Core Wealth Advisors LLC purchased a new stake in Fabrinet in the 4th quarter worth $25,000. Westend Capital Management LLC purchased a new stake in Fabrinet in the 4th quarter worth $29,000. Harbour Investments Inc. raised its position in shares of Fabrinet by 75.0% during the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company's stock valued at $29,000 after buying an additional 27 shares in the last quarter. Creative Financial Designs Inc. ADV purchased a new stake in shares of Fabrinet during the 4th quarter valued at about $32,000. Finally, Quarry LP raised its position in shares of Fabrinet by 300.0% during the 4th quarter. Quarry LP now owns 72 shares of the technology company's stock valued at $33,000 after buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 97.38% of the company's stock.

Key Stories Impacting Fabrinet

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Fabrinet reported a Q3 beat: non‑GAAP EPS $3.72 vs. $3.58 consensus and revenue ~$1.21B (up ~39% YoY), driven by optical/telecom demand. Fabrinet Announces Third-Quarter Fiscal Year 2026 Financial Results
• Positive Sentiment: Telecom and HPC (optical communications) were the primary growth drivers; management highlighted program ramps and datacom program wins that could lift future volumes. FN Q3 Earnings Beat Estimates, Revenues Up on Strong Telecom & HPC
• Positive Sentiment: Wall Street reaction includes price‑target increases and buy ratings (Rosenblatt raised its target; Needham reaffirmed a higher $800 target), signaling continued analyst confidence. Needham price target / analyst notes
• Neutral Sentiment: Q4 guidance was roughly in‑line: revenue guidance set in the ~$1.25B–$1.29B range and EPS guidance $3.72–$3.87, leaving limited near‑term upside vs. elevated expectations. Fabrinet forecasts $1.25B-$1.29B Q4 revenue as datacom supply constraints persist
• Negative Sentiment: Stock sold off despite the beat — investors reacted to the mostly in‑line guidance and possible “sell‑the‑news” / multiple compression after a strong run. Fabrinet Posts Record Q3, But Don't Thank Nvidia: Analyst
• Negative Sentiment: Datacom supply constraints remain a headwind that could limit near‑term datacom revenue growth and visibility. Fabrinet forecasts $1.25B-$1.29B Q4 revenue as datacom supply constraints persist
• Negative Sentiment: Third‑party data flagged weaker operating cash flow, a large step‑up in capex and notable insider selling, which may amplify bearish sentiment. Fabrinet (FN) Stock Falls on Q3 2026 Earnings

About Fabrinet

Fabrinet is a global provider of advanced optical packaging and precision optical, electro‐mechanical and electronic manufacturing services (CEM). The company specializes in complex manufacturing processes for original equipment manufacturers (OEMs) in communications, data center, industrial, instrumentation and medical markets. Key capabilities include high‐precision fiber alignment, micro‐assembly, testing and diagnostics, and integration of electro‐optic subassemblies.

Incorporated in 2000, Fabrinet operates under a corporate structure headquartered in Singapore with additional regional offices and design centers in the Americas, Europe and Asia.

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