An analyst initiated coverage of Fabrinet (FN) with a Strong Buy rating and a $677 price target. That target represents 39% upside from the stock’s price on October 9.
The analyst cited Fabrinet’s expanding role in AI infrastructure and high-speed optical networking. Its position as a key manufacturing partner for data center interconnects and high-performance computing is expected to support significant growth.
The analyst highlighted capacity expansion and new customer acquisitions as factors expected to sustain strong revenue and earnings growth through 2028.