Fabrinet's 15min chart triggers Bollinger Bands expansion, bullish Marubozu formation observed.

Based on the 15-minute chart of Fabrinet, the Bollinger Bands are currently expanding upward, indicating a bullish trend. The recent Bullish Marubozu pattern on October 3, 2023 at 11:00 suggests that buyers are currently in control of the market. Given this trend, it is likely that the bullish momentum will continue.

Fabrinet (NYSE:FN) has been the subject of diverse analyst opinions over the past quarter, with a mix of bullish and bearish sentiments. Seven analysts have provided ratings and price targets, reflecting the evolving market perceptions of the company. As of the most recent data, Fabrinet's stock has shown a bullish trend, as indicated by expanding Bollinger Bands and a recent Bullish Marubozu pattern on October 3, 2023, at 11:00 AM. This technical analysis suggests that buyers are currently in control of the market, potentially signaling continued bullish momentum.

Analysts have expressed varied opinions on Fabrinet's stock, with a majority leaning towards bullish ratings. The table below summarizes their recent ratings and price targets:

| Rating Category | Last 30D | 1M Ago | 2M Ago | 3M Ago |
|-----------------|----------|--------|--------|--------|
| Bullish | 1 | 0 | 2 | 0 |
| Somewhat Bullish| 0 | 0 | 1 | 0 |
| Indifferent | 0 | 0 | 2 | 1 |
| Somewhat Bearish| 0 | 0 | 0 | 0 |
| Bearish | 0 | 0 | 0 | 0 |

The average 12-month price target for Fabrinet has increased by 14.99% to $335.29, reflecting analysts' optimism. Key analysts, such as Mike Genovese from Rosenblatt and Samik Chatterjee from JP Morgan, have raised their ratings and price targets, indicating a positive outlook on the company's future performance Beyond The Numbers: 7 Analysts Discuss Fabrinet Stock^[1].

Fabrinet's strong financial performance, as evidenced by a 20.77% revenue growth rate over the last three months, a net margin of 9.59%, and a return on equity (ROE) of 4.48%, further supports the bullish sentiment. The company's market capitalization and debt management also reflect its robust financial health .

Investors should stay informed about Fabrinet's analyst ratings and technical indicators to make well-informed investment decisions. The current bullish trend, as indicated by the Bollinger Bands and the Bullish Marubozu pattern, suggests that Fabrinet's stock may continue to perform well in the coming months.