Fabrinet Stock Price Expected to Rise with JPMorgan Chase Target Boosted

Fabrinet's stock price is expected to rise according to JPMorgan Chase & Co. analysts, who have increased their target from $680.00 to $695.00. This indicates a potential upside of 42.57% from the company's previous close.

The firm currently has a 'neutral' rating on Fabrinet's stock, with analysts forecasting an average price target of $649.50. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating, resulting in a Moderate Buy consensus.

Fabrinet reported record fourth-quarter revenue of $1.316 billion, up 45% year over year, exceeding analyst estimates. The company's non-GAAP EPS of $4.10 also surpassed expectations, rising sharply from $2.65 a year earlier.