Ruplu Bhattacharya, an analyst from Bank of America Securities, reiterated the Buy rating on Jabil. The associated price target is $245.00.
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Ruplu Bhattacharya has given his Buy rating due to a combination of factors including Jabil’s expected revenue growth driven by the expansion of AI-related revenues. The company is anticipated to benefit from strong demand in sectors such as cloud, data center, and networking, with AI revenues projected to increase significantly. Additionally, Jabil’s strategic investments, such as the new facility in North Carolina, are expected to contribute to future growth.
Another reason for the Buy rating is Jabil’s ability to manage tariff risks effectively and its focus on capital returns, improving margins, and strong cash flow. The company’s management is known for providing conservative initial guidance and then exceeding expectations throughout the year. The price objective is set at $245, reflecting confidence in Jabil’s performance and growth prospects.
Bhattacharya covers the Technology sector, focusing on stocks such as Flex, Super Micro Computer, and TD SYNNEX Corporation. According to TipRanks, Bhattacharya has an average return of 6.7% and a 59.52% success rate on recommended stocks.
In another report released on September 15, J.P. Morgan also maintained a Buy rating on the stock with a $256.00 price target.