New Buy Rating for Fabrinet (FN), the Technology Giant
In a report released today, Michael Genovese from Rosenblatt Securities maintained a Buy rating on Fabrinet, with a price target of $750.00.
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According to TipRanks, Genovese is a top 100 analyst with an average return of 50.5% and a 58.98% success rate. Genovese covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Credo Technology Group Holding Ltd, and Calix.
In addition to Rosenblatt Securities, Fabrinet also received a Buy from Barclays’s Tim Long in a report issued today. However, on the same day, Fox Advisors downgraded Fabrinet (NYSE: FN) to a Hold.
Based on Fabrinet’s latest earnings release for the quarter ending December 26, the company reported a quarterly revenue of $1.13 billion and a net profit of $112.63 million. In comparison, last year the company earned a revenue of $833.61 million and had a net profit of $86.64 million
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FN in relation to earlier this year. Most recently, in February 2026, Thomas F. Kelly, a Director at FN sold 1,850.00 shares for a total of $1,154,124.60.
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