Needham analyst Alex Henderson reiterated a Buy rating on Fabrinet (NYSE:FN) on Tuesday, setting a price target of $125, which is approximately 39.66% above the present share price of $89.5.
Henderson expects Fabrinet to post earnings per share (EPS) of $1.02 for the third quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Fabrinet, with an average price target of $112.5.
The analysts price targets range from a high of $125 to a low of $100.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $479.32 million and a net profit of $37.72 million. The company's market cap is $3.3 billion.
According to TipRanks.com, Needham analyst Alex Henderson is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 28.2% and a 68.06% success rate.
Fabrinet engages in the provision of optical packaging and electronic manufacturing services to original equipment manufacturers. The firm's engineering services include process design, failure analysis, reliability testing, tooling design, and real-time traceability system. Its manufacturing operations offer sensors, subsystems, customized optics, and optical modules and components. The company was founded by David Thomas Mitchell on August 12, 1999 and is headquartered in George Town, Cayman Islands.