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Fabrinet price target raised to $425 from $360 at Rosenblatt

Rosenblatt raised the firm’s price target on Fabrinet (FN) to $425 from $360 and keeps a Buy rating on the shares. The firm sees significant revenue-driven upside to FY26 estimates as a result of the company continuing to “land-and-expand” with customers including Amazon (AMZN), Ciena (CIEN), and Cisco (CSCO), the analyst tells investors.

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