Intel stock extends gains after report of possible U.S. government stake
Fabrinet (NYSE:FN) stock has reached an all-time high, hitting a price of 282.01 USD. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with technical indicators suggesting overbought conditions. This milestone marks a significant achievement for the company, reflecting its strong performance over the past year. Over the last 12 months, Fabrinet’s stock has experienced a notable increase of 15.47%, supported by impressive revenue growth of 17.14% and an excellent Financial Health Score. With a market capitalization of $10.06 billion, the company has established a substantial market presence. This upward trajectory highlights Fabrinet’s ability to navigate market challenges and capitalize on growth opportunities, positioning the company favorably in the competitive landscape. For deeper insights into Fabrinet’s valuation and growth prospects, access the comprehensive Pro Research Report available on InvestingPro, along with 13 additional ProTips.
In other recent news, Fabrinet has seen its price target raised by Rosenblatt to $290, up from $250, while maintaining a Buy rating. This adjustment reflects confidence in Fabrinet’s expansion into new markets and technological advancements, with expectations for significant growth in the second half of 2025 and beyond. Additionally, JPMorgan has increased its price target for Fabrinet to $235 from $220, maintaining a Neutral rating. The revision follows Fabrinet’s strong financial performance, driven by a surge in Telecom (BCBA:TECO2m) revenues and new contracts, although some areas like Datacom have experienced declines.
In corporate developments, Fabrinet announced the retirement of Rollance Olson from its board of directors, effective at the end of his current term. Olson’s decision is not related to any disagreements with the company, and his departure comes as Fabrinet continues to adapt to the demands of the telecommunications and networking sectors. Meanwhile, Fabrinet’s collaboration with Innoviz Technologies aims to support the mass production of InnovizTwo LiDAR platforms, enhancing their production capabilities for upcoming projects in 2026 and 2027. These recent developments highlight Fabrinet’s strategic moves and ongoing efforts to strengthen its market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.