Fabrinet (FN) stock has shown positive momentum, gaining 1.2% over the past four weeks. While Wall Street analysts’ price targets suggest a potential upside, investors should consider these targets with caution. A strong agreement among analysts regarding earnings revisions and Fabrinet’s Zacks Rank #2 (Buy) indicate potential upside in the near term.
Fabrinet (FN) stock surged on Tuesday after the company reported better-than-expected fourth-quarter financial results and issued strong guidance. The company exceeded both earnings and revenue estimates, marking its fourth consecutive quarter of record revenue and earnings per share. This positive performance prompted multiple analysts to raise their price targets for the stock.
Fabrinet’s stock surged in early trading on Tuesday after the company reported impressive fourth-quarter results. Analysts are particularly optimistic about the company’s growth trajectory, citing new customer wins and expanding operations. JPMorgan and Needham both upgraded their ratings and price targets on the stock.
Fabrinet’s stock price surged after the company reported impressive fourth-quarter earnings that exceeded analyst expectations. The company also provided positive guidance for the first quarter, indicating continued growth and profitability.
