Barclays raised the firm’s price target on Jabil (JBL) to $223 from $206 and keeps an Overweight rating on the shares. The company again beat estimates with a guidance lift, driven mostly by Cloud and Data Center upside, the analyst tells investors in a research note. The firm added that AI revenue guidance lifted to $8.5B, and a new U.S. site coming online will support Cloud and Data Center growth.
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