After-Hours Movers: Ginkgo Bioworks, Fabrinet Gain Post Earnings; ZipRecruiter Drops

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Fabrinet (FN) PT Raised to $135 at Needham & Company Following 'Solid' EPS

August 16, 2022 6:44 AM EDT

Needham & Company analyst Alex Henderson raised the price target on Fabrinet (NYSE: FN) to $135.00 (from $130.00) while maintaining a Buy rating following a "solid" earnings print and guidance supported by large customer backlogs improving supply.

The analyst commented, "How does that expression go?... More