FN Should I Buy
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Fabrinet (FN) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The company has strong financial growth, positive analyst sentiment, and hedge fund interest, making it a promising asset for long-term holding.
The technical indicators are bullish. The MACD is positively expanding above 0, the RSI is neutral at 67.385, and the moving averages indicate an uptrend (SMA_5 > SMA_20 > SMA_200). The stock is trading near resistance at R1: 518.848, with strong support at S1: 431.175.
Hedge funds are buying, with an 824.23% increase in buying activity over the last quarter.
Analysts have raised price targets, with the highest being $570, citing strong growth potential in AI infrastructure and data center opportunities.
Financial performance is robust, with revenue up 35.90% YoY and net income up 30.00% YoY.
The stock has a 50% chance of declining by -5.77% in the next week based on similar candlestick patterns.
Insider trading activity is neutral, with no significant trends.
In Q2 2026, Fabrinet reported a 35.90% YoY revenue increase to $1.13 billion, a 30.00% YoY net income increase to $112.63 million, and a 30.67% YoY EPS increase to $3.11. Gross margin improved slightly to 12.15%.
Analysts are bullish on Fabrinet. Wolfe Research upgraded the stock to Outperform with a $540 price target, citing a favorable industry environment. Barclays raised the price target to $548, and Susquehanna set the highest target at $570, highlighting opportunities in AI infrastructure and optical networking.
