Fabrinet (NYSE:FN) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded Fabrinet from a "strong-buy" to a "hold" in a report issued Monday.
• Despite the Zacks downgrade, most sell-side analysts remain positive—seven Buys and two Holds—with an average target price of $541.25 and several firms raising targets into the $540–$600 range.
• Fabrinet beat quarterly expectations (EPS $3.36 vs. $3.26; revenue $1.13B vs. $1.08B), reported 35.9% YoY revenue growth, and set Q3 2026 guidance of $3.45–$3.60 EPS.

Fabrinet (NYSE:FN - Get Free Report) was downgraded by Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

FN has been the subject of several other research reports. Barclays boosted their price target on Fabrinet from $537.00 to $548.00 and gave the company an "overweight" rating in a research note on Tuesday, February 3rd. Rosenblatt Securities reissued a "buy" rating and issued a $550.00 price target on shares of Fabrinet in a research note on Tuesday, February 3rd. Northland Securities set a $600.00 price target on Fabrinet in a research note on Monday, December 22nd. Susquehanna boosted their price target on Fabrinet from $550.00 to $570.00 and gave the company a "positive" rating in a research note on Thursday, January 22nd. Finally, Wolfe Research raised Fabrinet from a "peer perform" rating to an "outperform" rating and set a $540.00 price target for the company in a research note on Wednesday, February 4th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $541.25.

Fabrinet Price Performance

Shares of FN opened at $559.72 on Monday. The company has a market capitalization of $20.05 billion, a price-to-earnings ratio of 53.61 and a beta of 1.04. Fabrinet has a fifty-two week low of $167.33 and a fifty-two week high of $632.99. The business's 50-day moving average is $523.75 and its 200-day moving average is $468.79.

Fabrinet (NYSE:FN - Get Free Report) last issued its earnings results on Monday, February 2nd. The technology company reported $3.36 earnings per share for the quarter, beating analysts' consensus estimates of $3.26 by $0.10. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.08 billion. Fabrinet had a return on equity of 18.69% and a net margin of 9.69%.The firm's quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.61 EPS. Fabrinet has set its Q3 2026 guidance at 3.450-3.600 EPS. Equities research analysts expect that Fabrinet will post 9.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fabrinet

A number of large investors have recently added to or reduced their stakes in the stock. Balboa Wealth Partners boosted its position in Fabrinet by 2.5% during the fourth quarter. Balboa Wealth Partners now owns 863 shares of the technology company's stock worth $393,000 after purchasing an additional 21 shares during the period. Richardson Financial Services Inc. boosted its position in Fabrinet by 12.2% during the fourth quarter. Richardson Financial Services Inc. now owns 211 shares of the technology company's stock worth $96,000 after purchasing an additional 23 shares during the period. REAP Financial Group LLC boosted its position in Fabrinet by 15.7% during the fourth quarter. REAP Financial Group LLC now owns 192 shares of the technology company's stock worth $87,000 after purchasing an additional 26 shares during the period. Harbour Investments Inc. boosted its position 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 acquiring an additional 27 shares during the period. Finally, Allworth Financial LP boosted its position in shares of Fabrinet by 7.4% in the fourth quarter. Allworth Financial LP now owns 405 shares of the technology company's stock valued at $184,000 after acquiring an additional 28 shares during the period. Institutional investors own 97.38% of the company's stock.

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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