Jabil price target raised to $245 from $225 at BofA

BofA analyst Ruplu Bhattacharya raised the firm’s price target on Jabil (JBL) to $245 from $225 and keeps a Buy rating on the shares after the company reported a “strong” fiscal Q3. Shares are up 42% year-to-date as of June 18 close, notes the analyst, whose clients have been asking “is there more upside?” While the firm says it has been “conservative in our forward estimates,” it also points out that its estimates for FY26 and FY27 revenue and EPS are higher than the Street’s views. Following the report, the firm uses a higher multiple on expected growth in operating margins and upside potential to its revenue and EPS estimates, the analyst noted.