Rosenblatt analyst Mike Genovese has adjusted his outlook on Fabrinet (FN, Financial), revising the price target for the company's shares downwards to $230 from a previous $280, while maintaining a Buy rating. This adjustment reflects broader challenges anticipated for the optical sector.
Despite expected solid results for the March quarter, the sector faces looming threats, particularly from increased tariffs and a potentially significant economic slowdown. These factors are attributed to rising prices and prevailing uncertainties within the business environment, with impacts likely becoming more pronounced in the latter half of 2025.
In response to these anticipated challenges, Rosenblatt has implemented a 19% average reduction in the price targets across its coverage. This reflects a cautious stance in the face of expected pressures on gross margins and overall market conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Fabrinet (FN, Financial) is $256.63 with a high estimate of $350.00 and a low estimate of $172.04. The average target implies an upside of 48.77% from the current price of $172.50. More detailed estimate data can be found on the Fabrinet (FN) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Fabrinet's (FN, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Fabrinet (FN, Financial) in one year is $216.06, suggesting a upside of 25.25% from the current price of $172.5. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Fabrinet (FN) Summary page.
