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Fabrinet (FN) Stock Forecast & Price Target

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$226.24 -22.50 (-9.05%)
(As of 11/20/2024 ET)

Fabrinet - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
1
Hold
3
Buy
3

Based on 7 Wall Street analysts who have issued ratings for Fabrinet in the last 12 months, the stock has a consensus rating of "Hold." Out of the 7 analysts, 1 has given a sell rating, 3 have given a hold rating, and 3 have given a buy rating for FN.

Consensus Price Target

$252.14
11.45% Upside
According to the 7 analysts' twelve-month price targets for Fabrinet, the average price target is $252.14. The highest price target for FN is $292.00, while the lowest price target for FN is $178.00. The average price target represents a forecasted upside of 11.45% from the current price of $226.24.
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FN Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24
1 Month Ago
10/23/23 to 10/22/24
3 Months Ago
8/24/23 to 8/23/24
1 Year Ago
11/22/22 to 11/22/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
6 Buy rating(s)
Hold
3 Hold rating(s)
4 Hold rating(s)
4 Hold rating(s)
2 Hold rating(s)
Sell
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$252.14$219.00$219.00$143.11
Forecasted Upside11.45% Upside-11.89% Downside-18.08% Downside-13.60% Downside
Consensus Rating
Hold
Hold
Hold
Moderate Buy

FN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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FN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Fabrinet Stock vs. The Competition

TypeFabrinetComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.29
2.68
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside11.45% Upside552.66% Upside9.82% Upside
News Sentiment Rating
Positive News

See Recent FN News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/20/2024B. Riley
4 of 5 stars
 DowngradeNeutral ➝ Sell$194.00 ➝ $178.00-28.46%
11/14/2024Barclays
3 of 5 stars
G. Wang
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Initiated CoverageEqual Weight$292.00+15.96%
11/5/2024Needham & Company LLC
2 of 5 stars
R. Koontz
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Initiated CoverageBuy$280.00+16.86%
8/20/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$240.00 ➝ $285.00+5.33%
8/20/2024Rosenblatt Securities
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 Boost TargetBuy ➝ Buy$260.00 ➝ $280.00+20.97%
6/26/2024Jefferies Financial Group
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 Initiated CoverageHold$230.00-6.39%
3/21/2024Northland Securities
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 UpgradeMarket Perform ➝ Outperform$200.00 ➝ $220.00+14.51%
11/1/2023Royal Bank of Canada
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 Boost TargetSector Perform ➝ Sector Perform$40.00 ➝ $42.00-73.08%
8/22/2023HC Wainwright
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 Reiterated RatingBuy ➝ Buy$28.00-81.21%
8/22/2023Lake Street Capital
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 Boost TargetBuy ➝ Buy$130.00 ➝ $165.00+41.29%
2/7/2023Loop Capital
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 Boost Target$146.00 ➝ $158.00+19.64%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:38 AM ET.


FN Forecast - Frequently Asked Questions

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Fabrinet is $252.14, with a high forecast of $292.00 and a low forecast of $178.00.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fabrinet in the last year. There is currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" FN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FN, but not buy additional shares or sell existing shares.

According to analysts, Fabrinet's stock has a predicted upside of 11.45% based on their 12-month stock forecasts.

Over the previous 90 days, Fabrinet's stock had 1 downgrade by analysts.

Fabrinet has been rated by research analysts at B. Riley, Barclays, and Needham & Company LLC in the past 90 days.

Analysts like Fabrinet less than other "computer and technology" companies. The consensus rating for Fabrinet is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how FN compares to other companies.


This page (NYSE:FN) was last updated on 11/21/2024 by MarketBeat.com Staff
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