Fabrinet price target raised to $329 from $234 at Barclays

Barclays analyst Tim Long raised the firm’s price target on Fabrinet (FN) to $329 from $234 and keeps an Equal Weight rating on the shares. The company reported a fiscal Q4 beat and guided Q1 above consensus at the midpoint, the analyst tells investors in a research note. The firm says Fabrinet’s optical demand continues to be strong with the high performance computing business ramping into fiscal 2026, even with slower Datacom in Q1. Barclays assigned the stock a higher multiple to reflect Fabrinet’s “strong revenue opportunities.”