Fabrinet: The AI Infrastructure Opportunity Is Bigger Than Valuation Suggests
Seeking Alpha initiated coverage of Fabrinet with a Strong Buy rating and a $677 price target, citing growth in AI infrastructure, optical networking, and data center interconnects. The article points to manufacturing expansion and new customer wins as support for growth through 2028.
Why it matters — The coverage highlights Fabrinet’s expanding exposure to AI and data-center-related demand and its expected contribution to longer-term growth.