Fabrinet's (FN) "Buy" Rating Reiterated at Rosenblatt Securities

Key Points

• Rosenblatt Securities reiterated its “Buy” rating on Fabrinet and set a $750 price target, implying approximately 25.3% upside from the current price.
• Fabrinet beat quarterly expectations with adjusted EPS of $4.10 and revenue of $1.32 billion, while revenue rose 44.6% year over year. Strong data-center and AI infrastructure demand is supporting growth, with management issuing an above-consensus outlook.
• Analyst sentiment remains positive overall, with five Buy and five Hold ratings producing a “Moderate Buy” consensus and an average price target of $647.62, although some analysts have recently downgraded the shares or reduced their targets.

Fabrinet (NYSE:FN - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Rosenblatt Securities in a research note issued on Tuesday,Benzinga reports. They currently have a $750.00 target price on the technology company's stock. Rosenblatt Securities' price target points to a potential upside of 25.31% from the company's current price.

Other research analysts have also recently issued reports about the stock. Barclays reiterated an "overweight" rating and issued a $739.00 target price on shares of Fabrinet in a research note on Tuesday. Weiss Ratings lowered shares of Fabrinet from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, August 12th. Wall Street Zen cut shares of Fabrinet from a "buy" rating to a "hold" rating in a report on Monday, July 20th. Needham & Company LLC dropped their price objective on Fabrinet from $800.00 to $650.00 and set a "buy" rating on the stock in a research note on Wednesday, July 22nd. Finally, Fox Advisors lowered Fabrinet from a "strong-buy" rating to an "equal weight" rating in a report on Tuesday, May 5th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $647.62.

Fabrinet Trading Up 5.0%

FN stock opened at $598.50 on Tuesday. The stock has a market cap of $21.44 billion, a P/E ratio of 51.42 and a beta of 1.23. The stock's fifty day simple moving average is $526.47 and its two-hundred day simple moving average is $569.40. Fabrinet has a 1-year low of $272.49 and a 1-year high of $748.89.

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

Insiders Place Their Bets

In other news, Director Homa Bahrami sold 2,500 shares of the company's stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $711.91, for a total transaction of $1,779,775.00. Following the sale, the director directly owned 16,233 shares in the company, valued at $11,556,435.03. This represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.24% of the stock is owned by insiders.

Hedge Funds Weigh In On Fabrinet

A number of large investors have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new stake in Fabrinet in the 1st quarter worth approximately $203,000. Empowered Funds LLC purchased a new position in shares of Fabrinet during the 1st quarter valued at $2,331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Fabrinet by 4.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,444 shares of the technology company's stock worth $15,691,000 after purchasing an additional 3,717 shares during the period. M&T Bank Corp bought a new position in shares of Fabrinet in the second quarter worth $214,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Fabrinet by 574.7% in the second quarter. EverSource Wealth Advisors LLC now owns 533 shares of the technology company's stock worth $157,000 after buying an additional 454 shares in the last quarter. 97.38% of the stock is currently owned by institutional investors.

Key Fabrinet News

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Record quarter and full-year growth: Fabrinet reported fourth-quarter revenue of $1.316 billion, up 45% year over year and above its guidance range. Fiscal 2026 revenue rose 36% to $4.64 billion, while GAAP diluted EPS increased to $3.83 from $2.42. Fabrinet Announces Fourth Quarter and Fiscal Year 2026 Financial Results
• Positive Sentiment: AI and data-center demand remains powerful: Data-center revenue surged 68% in the quarter, and CEO Seamus Grady said he sees “no end in sight” to demand. The sustained expansion of AI infrastructure is supporting Fabrinet’s optical packaging and manufacturing businesses. Fabrinet CEO Sees No End in Sight to Data Center Demand
• Positive Sentiment: Non-GAAP earnings exceeded expectations: Adjusted EPS was $4.10 versus the roughly $3.81–$3.85 consensus range, and revenue also topped estimates of approximately $1.28 billion. Fabrinet Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Above-consensus outlook and analyst support: Fabrinet expects fiscal Q1 revenue of $1.375 billion to $1.425 billion and non-GAAP EPS of $4.10 to $4.25, both above consensus. Needham maintained a Buy rating and a $650 price target, citing strong demand and new capacity. Analyst Maintains Buy on Fabrinet
• Negative Sentiment: GAAP guidance created near-term caution: Fiscal Q1 GAAP EPS guidance of $3.39 to $3.54 is below the adjusted range because it includes approximately $0.40 per share of Pillar Two tax expense. The discrepancy prompted some investors to question near-term reported profitability despite the strong operating outlook. Why Fabrinet Is Trending

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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