Why Fabrinet Stock Sank Today [Yahoo! Finance]
Fabrinet Ordinary Shares (FN)
Last fabrinet ordinary shares earnings: 2/3 04:15 pm
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US:NYSE Investor Relations:
investor.fabrinet.com/investor-relations
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Source: Yahoo! Finance
Fabrinet stock lost ground today after B. Riley downgraded its rating on the stock from neutral to sell. The firm also lowered its one-year price target on the stock to $178 per share, down from its previous target price of $194 per share. Based on today's closing price, B. Riley's new price target on the stock suggests potential downside of 21%. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » B. Riley's analysts anticipate that Fabrinet's business will soon see headwinds stemming from weakening traction for product bundles sold in conjunction with Nvidia 's graphics processing units (GPUs). The artificial intelligence ( AI ) leader's GPUs have been in very high demand, and tech components from third parties including Fabrinet have also been bundled with the advanced processors. But Amazon is now moving to purchase only Nvidia's GPUs and source additional components in-house or through other partners. B. Riley's analys
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News
- Should Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) Be on Your Investing Radar? [Yahoo! Finance]Yahoo! Finance
- Fabrinet (FN) Defended by Rosenblatt Amid Competitor Downgrade, Citing Resilient AI Data Center Demand [Yahoo! Finance]Yahoo! Finance
- Fabrinet downgraded to Sell from Neutral at B. Riley [Yahoo! Finance]Yahoo! Finance
- Fabrinet (NYSE: FN) was downgraded by analysts at B. Riley from a "neutral" rating to a "sell" rating. They now have a $178.00 price target on the stock, down previously from $194.00.MarketBeat
- Fabrinet (NYSE: FN) was downgraded by analysts at B. Riley from a "neutral" rating to a "sell" rating. They now have a $178.00 price target on the stock, down previously from $194.00.MarketBeat
FN
Earnings
- 11/4/24 - Beat
FN
Sec Filings
- 12/20/24 - Form 8-K
- 12/13/24 - Form 4
- 12/13/24 - Form 4
- FN's page on the SEC website