Northland raised the firm’s price target on Fabrinet (FN) to $550 from $375 and keeps an Outperform rating on the shares following the company’s “much better than expected” fiscal Q1 report and Q2 guidance. Growth has accelerated to 29% for Q2 from 19% in FY25 and remains “remarkably broad based,” says the analyst, who believes this breadth and consistent execution warrant a valuation premium.
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