JPMorgan raised the firm’s price target on Jabil (JBL) to $300 from $270 and keeps an Overweight rating on the shares as part of a fiscal Q2 preview. The firm expects “improved contribution in the upsides” from Jabil’s cyclical end markets. The company should also see tailwinds from stronger AI-related revenues, the analyst tells investors in a research note. It sees Jabil’s “beats and raises” continuing.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JBL:
- Jabil initiated with an Outperform at Baird
- Jabil price target raised to $254 from $244 at UBS
- Balanced Risk-Reward Keeps Jabil at Hold Despite Near-Term Outperformance Potential
- AI Models Split on How Much Risk to Take for JBL’s AI Upside
- Early notable gainers among liquid option names on February 20th