Fabrinet (FN)
NYSE: FN · IEX Real-Time Price · USD
241.66
-1.24 (-0.51%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Fabrinet Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Fabrinet stock have an average target of 184.5, with a low estimate of 28 and a high estimate of 230. The average target predicts a decrease of -23.65% from the current stock price of 241.66.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Fabrinet stock from 8 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 4 | 4 |
| Buy | 0 | 1 | 1 | 1 | 1 | 1 |
| Hold | 4 | 1 | 1 | 2 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 6 | 6 | 7 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Hold Initiates $230 | Hold | Initiates | $230 | -4.82% | Jun 26, 2024 |
| Needham | Needham | Strong Buy Reiterates $220 | Strong Buy | Reiterates | $220 | -8.96% | May 7, 2024 |
| B. Riley Securities | B. Riley Securities | Hold Maintains $173 → $171 | Hold | Maintains | $173 → $171 | -29.24% | May 7, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $210 → $212 | Hold | Maintains | $210 → $212 | -12.27% | Apr 11, 2024 |
| Needham | Needham | Strong Buy Maintains $230 → $220 | Strong Buy | Maintains | $230 → $220 | -8.96% | Mar 22, 2024 |
Financial Forecast
Revenue This Year
2.95B
from 2.65B
Increased by 11.41%
Revenue Next Year
3.27B
from 2.95B
Increased by 11.06%
EPS This Year
8.96
from 6.73
Increased by 33.20%
EPS Next Year
9.85
from 8.96
Increased by 9.90%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.0B | 3.5B | 4.3B |
| Avg | 2.9B | 3.3B | 3.7B |
| Low | 2.8B | 3.0B | 3.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 13.7% | 17.4% | 32.8% |
| Avg | 11.4% | 11.1% | 14.4% |
| Low | 5.9% | 1.5% | -2.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 9.15 | 10.45 | 13.20 |
| Avg | 8.96 | 9.85 | 11.46 |
| Low | 8.52 | 8.66 | 9.61 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 35.9% | 16.5% | 34.0% |
| Avg | 33.2% | 9.9% | 16.4% |
| Low | 26.5% | -3.4% | -2.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.