Fabrinet Q4 Reflects AI Momentum And New Client Wins, These Analysts Raise Their Forecasts
Fabrinet(FN) Benzinga·2024-08-21 00:53
Shares of Fabrinet FN skyrocketed in early trading on Tuesday, after the company reported results for its fiscal fourth quarter. The results came amid an exciting earnings season. Here are some key analyst takeaways. JPMorgan analyst Samik Chatterjee reiterated a Neutral rating, while raising the price target from $240 to $285. Needham analyst Alex Henderson maintained a Buy rating, while lifting the price target from $270 to $280. Check out other analyst stock ratings. JPMorgan: Fabrinet's Datacom business ...