The Analyst Verdict: Fabrinet In The Eyes Of 5 Experts
Portfolio Pulse from Benzinga Insights
Five analysts have recently published their ratings on Fabrinet (NYSE:FN), showing a mix of bullish, somewhat bullish, and indifferent perspectives. Over the last three months, there have been no changes in these ratings. The 12-month price targets for FN have an average of $216.4, with a high of $230 and a low of $200, marking a slight increase from the previous average target. Analysts from firms like JP Morgan, Needham, and Northland Capital Markets have adjusted their ratings and price targets, reflecting their views on Fabrinet's market dynamics and performance. Fabrinet, a provider of outsourced manufacturing services, has shown strong financial performance with significant revenue growth, high net margin, and excellent ROE and ROA, positioning it well above industry averages.

May 01, 2024 | 6:00 pm
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POSITIVE IMPACT
Fabrinet received mixed analyst ratings, with an average 12-month price target of $216.4, indicating a positive outlook. The company's strong financial performance, including revenue growth and high net margin, positions it favorably in the market.
The mixed analyst ratings with a slight positive bias towards Fabrinet, combined with its strong financial performance and growth, suggest a positive short-term impact on its stock price. The increase in the average price target and the company's outperformance in revenue growth, net margin, and ROE/ROA compared to industry averages support a bullish outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100