Why Fabrinet Stock Is Moving Higher Tuesday
Portfolio Pulse from Dylan Berman
Fabrinet's stock surged after reporting strong Q4 results, beating EPS and revenue estimates, and issuing robust guidance. Analysts raised price targets, contributing to the stock's 18.6% increase.

August 20, 2024 | 5:49 pm
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Fabrinet's stock rose significantly after the company reported better-than-expected Q4 earnings and revenue, along with strong guidance for the next quarter. Analysts responded by raising their price targets.
Fabrinet's Q4 earnings and revenue exceeded expectations, and the company provided strong guidance for the next quarter. This positive financial performance led to a significant increase in the stock price. Additionally, multiple analysts raised their price targets, further boosting investor confidence and contributing to the stock's upward movement.
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