Fabrinet (NYSE:FN) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan raised Fabrinet’s price target to $695 from $680 while maintaining a Neutral rating, implying 42.57% upside from the prior close. Analysts overall have a “Moderate Buy” consensus with an average target of $649.50.
• Fabrinet shares fell 18.6% to $487.46 in Tuesday trading, despite reporting quarterly EPS of $4.10 and revenue of $1.32 billion, both above analyst expectations.
• The company reported 44.6% year-over-year revenue growth and issued stronger-than-consensus fiscal 2027 first-quarter guidance, supported by robust data-center demand.

Fabrinet (NYSE:FN - Get Free Report) had its price objective lifted by analysts at JPMorgan Chase & Co. from $680.00 to $695.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the technology company's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 42.57% from the company's previous close.

A number of other research analysts also recently weighed in on the company. Fox Advisors downgraded Fabrinet from a "strong-buy" rating to an "equal weight" rating in a report on Tuesday, May 5th. Wall Street Zen downgraded Fabrinet from a "buy" rating to a "hold" rating in a research note on Monday, July 20th. Rosenblatt Securities reaffirmed a "buy" rating and set a $750.00 price target on shares of Fabrinet in a research report on Tuesday. Northland Securities set a $800.00 price objective on shares of Fabrinet in a research note on Monday, April 20th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $650.00 price objective on shares of Fabrinet in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $649.50.

Fabrinet Stock Down 18.6%

FN traded down $111.12 during mid-day trading on Tuesday, reaching $487.46. 915,113 shares of the company traded hands, compared to its average volume of 829,674. The company's fifty day moving average price is $526.47 and its 200-day moving average price is $569.40. The stock has a market capitalization of $17.47 billion, a P/E ratio of 42.01 and a beta of 1.23. Fabrinet has a 52-week low of $272.49 and a 52-week high of $748.89.

Fabrinet (NYSE:FN - Get Free Report) last released its quarterly earnings results on Tuesday, August 18th. The technology company reported $4.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.81 by $0.29. Fabrinet had a return on equity of 19.83% and a net margin of 9.94%.The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the business posted $2.65 EPS. The company's revenue for the quarter was up 44.6% on a year-over-year basis. As a group, sell-side analysts forecast that Fabrinet will post 12.97 earnings per share for the current fiscal year.

Insider Activity at Fabrinet

In related news, Director Homa Bahrami sold 2,500 shares of the firm's stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $711.91, for a total value of $1,779,775.00. Following the transaction, the director directly owned 16,233 shares of the company's stock, valued at approximately $11,556,435.03. This trade represents a 13.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fabrinet

Institutional investors and hedge funds have recently bought and sold shares of the stock. Core Wealth Advisors LLC purchased a new stake in Fabrinet in the fourth quarter worth about $25,000. Harbour Investments Inc. raised its stake in shares of Fabrinet by 75.0% in the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company's stock worth $29,000 after buying an additional 27 shares during the period. Cassaday & Co Wealth Management LLC purchased a new position in shares of Fabrinet during the 1st quarter valued at about $31,000. Creative Financial Designs Inc. ADV purchased a new position in shares of Fabrinet during the 4th quarter valued at about $32,000. Finally, Quarry LP grew its stake 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 acquiring an additional 54 shares during the period. 97.38% of the stock is currently owned by hedge funds and other institutional investors.

Fabrinet News Roundup

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Fabrinet reported record fourth-quarter revenue of $1.316 billion, up 45% year over year and ahead of the $1.28 billion consensus estimate. Non-GAAP EPS of $4.10 exceeded estimates near $3.81-$3.85 and rose sharply from $2.65 a year earlier. Fabrinet Announces Fourth Quarter and Fiscal Year 2026 Financial Results
• Positive Sentiment: Fiscal 2026 revenue increased 36% to $4.64 billion, while GAAP net income rose to $473.0 million from $332.5 million. Management cited multiple growth drivers and said data-center demand remains exceptionally strong, with data-center revenue reportedly increasing 68%. Fabrinet CEO Sees No End in Sight to Data Center Demand
• Positive Sentiment: First-quarter fiscal 2027 revenue guidance of $1.375 billion to $1.425 billion is above the roughly $1.3 billion analyst consensus, while non-GAAP EPS guidance of $4.10 to $4.25 exceeds the $3.95 consensus. Rosenblatt and Needham reaffirmed Buy ratings with price targets of $750 and $650, respectively. Benzinga analyst coverage

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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