Fabrinet (FN) Tops Q1 EPS by 12c, Offers Q2 Guidance

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Fabrinet (FN) PT Raised to $130 at Needham & Company

November 2, 2021 6:25 AM EDT

Needham & Company analyst Alex Henderson raised the price target on Fabrinet (NYSE: FN) to $130.00 (from $125.00) while maintaining a Buy rating.

The analyst commented, "Fabrinet posted a strong CY3Q (1QFY22) print with 24.4% Revenue growth driven by Optical up 7% ahead of forecast on a 29%... More