Fabrinet (NYSE:FN) Price Target Raised to $750.00 at Rosenblatt Securities

Key Points

• Rosenblatt raised its price target to $750 (from $715) and keeps a "buy" rating, implying roughly a 4.1% upside from the current share price.
• Fabrinet beat Q3 expectations with EPS $3.72 vs $3.58 and revenue $1.21B (up 39.3% YoY), but management's Q4 guidance was essentially in‑line and the stock fell as investors reacted—heightened concerns include a sharp drop in operating cash flow, higher capex and recent insider selling.
• Analyst sentiment is split (five Buy, five Hold) with a consensus "Moderate Buy" and a $664.25 average target, while the stock trades near $720 with a P/E of 69 and close to its 52‑week high, suggesting a relatively rich valuation.

Fabrinet (NYSE:FN - Get Free Report) had its target price hoisted by Rosenblatt Securities from $715.00 to $750.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the technology company's stock. Rosenblatt Securities' target price suggests a potential upside of 4.11% from the company's current price.

A number of other equities research analysts have also recently weighed in on the company. Wolfe Research upgraded Fabrinet from a "peer perform" rating to an "outperform" rating and set a $540.00 price objective for the company in a research note on Wednesday, February 4th. Zacks Research cut Fabrinet from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 6th. Weiss Ratings cut Fabrinet from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, April 8th. JPMorgan Chase & Co. cut Fabrinet from an "overweight" rating to a "neutral" rating and boosted their price objective for the company from $530.00 to $700.00 in a research note on Thursday, April 16th. Finally, B. Riley Financial boosted their price objective on Fabrinet from $366.00 to $452.00 and gave the company a "neutral" rating in a research note on Tuesday, February 3rd. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Fabrinet presently has an average rating of "Moderate Buy" and a consensus price target of $664.25.

Fabrinet Stock Up 2.0%

FN stock opened at $720.37 on Tuesday. Fabrinet has a fifty-two week low of $193.54 and a fifty-two week high of $734.79. The business has a 50 day moving average price of $588.72 and a 200 day moving average price of $504.95. The stock has a market cap of $25.81 billion, a price-to-earnings ratio of 69.00 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 for the quarter, beating analysts' consensus estimates of $3.58 by $0.14. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The company had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter in the previous year, the business earned $2.52 earnings per share. The firm's revenue for the quarter was up 39.3% on a year-over-year basis. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS. As a group, sell-side analysts anticipate that Fabrinet will post 12.8 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Core Wealth Advisors LLC acquired a new position in shares of Fabrinet in the fourth quarter valued at approximately $25,000. Westend Capital Management LLC acquired a new position in shares of Fabrinet in the fourth quarter valued at approximately $29,000. Harbour Investments Inc. increased its holdings in shares of Fabrinet by 75.0% in the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company's stock valued at $29,000 after purchasing an additional 27 shares during the period. Creative Financial Designs Inc. ADV acquired a new position in shares of Fabrinet in the fourth quarter valued at approximately $32,000. Finally, Quarry LP increased its holdings in shares of Fabrinet by 300.0% in the fourth quarter. Quarry LP now owns 72 shares of the technology company's stock valued at $33,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 97.38% of the company's stock.

Fabrinet News Roundup

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Q3 results beat street expectations — Fabrinet reported non‑GAAP EPS of $3.72 (vs. ~$3.58 consensus) and roughly $1.21B in revenue, marking strong year‑over‑year growth and record quarterly results. This supports the company’s profitability trend. Read More.
• Neutral Sentiment: Management issued Q4 FY2026 guidance that was essentially in‑line with expectations — EPS guidance of $3.72–$3.87 and revenue guidance roughly in the $1.25–$1.30B range left limited upside vs. consensus, so the print removed surprise upside but didn’t signal clear deterioration. Read More.
• Neutral Sentiment: Management commentary highlighted ongoing program ramps and potential new datacom agreements — positive for medium‑term demand but not definitive enough to change near‑term consensus. Read More.
• Negative Sentiment: Despite the beat, shares fell after the print — investors reacted to guidance with limited upside, prompting a sell‑the‑news move and possible profit‑taking after a strong run. Read More.
• Negative Sentiment: Operational cash flow and balance sheet highlights raised caution — third‑party reports flagged a sharp drop in operating cash flow and a large jump in capex versus prior year, which may worry some investors about near‑term free cash flow and working capital. Read More.
• Negative Sentiment: Insider selling and the possibility of multiple compression were noted by market observers as additional reasons for the stock’s decline — heavy insider sales in recent months and historically rich valuation left shares vulnerable to a re‑rating. Read More.

Fabrinet Company Profile

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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