Fabrinet initiated with a Buy at Rosenblatt

Rosenblatt analyst Mike Genovese initiated coverage of Fabrinet (FN) with a Buy rating and $230 price target. Fabrinet, which makes very-short reach active optical cables, or AOCs, with 800G transceivers for Nvidia (NVDA) is “one of the earliest and most direct beneficiaries of the strong ramp” of the AI 800G Optical supply chain, the analyst tells investors.