Susquehanna Cuts Fabrinet (FN) Price Target to $600
Key Points
- Susquehanna maintained a Positive rating on Fabrinet on October 21, 2026, dropping its price target from $850 to $600.
- Susquehanna's $600 price target implies 85.13% upside from Fabrinet's ($FN) current $324.10 share price.
- Fabrinet recently traded around $324.10, sitting well below its 50-day and 200-day moving averages as it heads toward its November 2, 2026 earnings date.
- Four insider transactions took place between December 2025 and September 2026, alongside recent target updates from other major Wall Street firms.
Since the rating, $FN is down 10.5% to date (from the $356.06 close on Oct 21, 2026).
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On October 21, 2026, Susquehanna maintained its Positive rating on Fabrinet (NYSE: FN) while adjusting its price target down to $600 from $850. The research note arrived on a day when the electronic components provider closed at $356.06.
FN
Fabrinet
Susquehanna's Call on Fabrinet
In its October 21 update, Susquehanna kept its Positive stance on the company while trimming the target by $250. This forward-looking opinion focuses on the firm's outlook for the business, following similar target adjustments from the shop across several other names on the same date.
Fabrinet Stock Down 8.8%
As of October 22, 2026, Fabrinet recently traded around $324.10, down about 9.0% from its event-day close of $356.06. The shares sit below their 50-day moving average of $431.18 and their 200-day moving average of $529.10. The stock also trades below its 52-week high of $748.89 and near its 52-week low of $345.71.
$FN price target
Fabrinet daily closes and this analyst's $600 target. Not advice.
Recent Earnings
Fabrinet posted trailing-twelve-month revenue of $4.64 billion and earnings of $13.05 per share. The company achieved a year-over-year revenue growth rate of 44.6%, with a net profit margin of 10.2% and a return on equity of 21.3%. Its next earnings report is scheduled for November 2, 2026.
Insider Buying and Selling at Fabrinet
Insiders completed four sales over the prior months. Director Darlene Knight sold 500 shares at $482.11 for $241,056 on December 5, 2025. Director Thomas F. Kelly sold 1,850 shares for $1,154,131 on February 25, 2026. Director Homa Bahrami sold 2,500 shares at $711.91 for $1,779,775 on May 22, 2026. Officer Edward T Archer sold 2,500 shares for $964,765 on September 3, 2026.
Analysts Set New Price Targets
Wall Street firms maintain varied outlooks on the company. On August 18, 2026, JP Morgan maintained a Neutral rating with a $695 target, moving up from $680. On August 18, 2026, Barclays maintained an Overweight rating, raising its target to $739 from $702. On August 20, 2026, Rosenblatt maintained a Buy rating with a $750 target. On October 15, 2026, B. Riley Securities maintained a Neutral rating while lowering its target from $598 to $431. Overall, the stock holds a consensus Buy recommendation with a mean price target of $687.78 across nine analyst opinions.
About Fabrinet
Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services across North America, the Asia-Pacific, and Europe. The company handles process design, engineering, supply chain management, printed circuit board assembly, and final testing for advanced tech hardware.
Bottom Line
Investors will watch closely as Fabrinet approaches its upcoming earnings release on November 2, 2026, to see how the business performs against these updated Wall Street expectations.
Related Filing Alerts
Source: Susquehanna's rating change on $FN (Oct 21, 2026). Written by software, not financial advice. How we make alerts