Fabrinet Analysts Boost Their Forecasts After Upbeat Earnings
Portfolio Pulse from Avi Kapoor
Fabrinet (NYSE:FN) reported strong Q4 earnings, surpassing expectations with $2.41 EPS and $753.261 million in sales. The company provided optimistic guidance for Q1, leading analysts to raise their price targets. Fabrinet's stock rose slightly following the announcement.
August 20, 2024 | 12:08 pm
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Fabrinet reported better-than-expected Q4 earnings and provided strong guidance for Q1, leading to increased price targets from analysts. The stock saw a slight increase following the news.
Fabrinet's strong Q4 performance and optimistic guidance for Q1 have led analysts to raise their price targets, indicating positive sentiment. The stock's slight increase reflects investor confidence in the company's future performance.
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