Jabil price target raised to $260 from $230 at Raymond James

Raymond James analyst Melissa Fairbanks raised the firm’s price target on Jabil (JBL) to $260 from $230 and keeps a Strong Buy rating on the shares following the recently quarterly results. Not surprisingly, the company delivered another quarter of solid revenue growth driven by sequential growth across all three business segments, and compared to a year ago, growth was strongest in Intelligent Infrastructure, led by continued strength in AI-driven spending, despite bumping up against capacity constraints, the analyst tells investors in a research note. The firm added that it believes the FY26 outlook factors in a fair amount of caution, and sees potential for upside moving through the year. As such, Raymond James views any weakness in shares presents a buying opportunity in the near term.