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.
Results for: FN
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.