Fabrinet Benefits From the Transition to 1.6T Data Communication – Strategic Partner Amazon Announces Billion-Dollar Investments!

Fabrinet (FN) is specialized as a contract manufacturer in the production of complex optoelectronic components and is expected to benefit from the data center expansion in the coming years. Analysts at Rosenblatt share this view, having raised the price target on June 12 from $250 to $290 (Buy). Fabrinet can grow organically by an average of 15 to 20% per year, which corresponds to three times the growth of its target markets and competitors. In particular, data communication with a transmission speed of 1.6 terabits per second, as well as new orders...