Jabil price target raised to $239 from $230 at UBS

UBS raised the firm’s price target on Jabil (JBL) to $239 from $230 and keeps a Neutral rating on the shares. The company reported strong fiscal Q4 results driven by strength in cloud, the analyst tells investors in a research note. The firm believes the company is benefitting from artificial intelligence while its fiscal 2026 outlook “looks prudent given the macro backdrop.”