Fabrinet stock heads into Tuesday after Friday dip, with Barclays upgrade and optics demand in focus
Fabrinet closed Friday at $494.45, down 0.6%, with U.S. markets shut Monday for a holiday. Barclays last week upgraded the stock to overweight and raised its price target to $537, citing potential upside from high-speed optical transceivers. Investors are awaiting Fabrinet’s early-February earnings for signals on demand in AI-related optics.
