Analyst Ruplu Bhattacharya of Bank of America Securities reiterated a Buy rating on Jabil (JBL – Research Report), retaining the price target of $180.00.
Ruplu Bhattacharya has given his Buy rating due to a combination of factors including Jabil’s recent strong financial performance and strategic positioning in growth sectors. The company reported better-than-expected results for the second quarter, with notable strength in areas such as AI-related cloud services and data center infrastructure. Jabil’s guidance for fiscal year 2025 reflects confidence despite macroeconomic uncertainties, as they anticipate significant opportunities in AI, projecting revenues of $7.5 billion.
Furthermore, Jabil’s global footprint and strategic management of tariff risks enhance its competitive advantage. The company’s ability to execute effectively in uncertain environments, along with its focus on expanding high-growth areas like silicon photonics, supports the positive outlook. Jabil’s robust cash flow, improving margins, and capital returns further justify the Buy rating, as these factors collectively indicate a strong potential for future growth and value creation.
In another report released on March 21, Barclays also maintained a Buy rating on the stock with a $184.00 price target.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JBL in relation to earlier this year.