Jabil price target raised to $384 from $336 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Jabil (JBL) to $384 from $336 and keeps a Buy rating on the shares. Jabil is expected to deliver strong Q3 results and raise full-year guidance as accelerating hyperscale datacenter spending continues to boost demand, with Cloud & Datacenter projected to contribute more than 30% of revenue and AI-related business nearly 39% of FY26 sales, supported by increased capital expenditure forecasts from major customers including Amazon Web Services (AMZN), Alphabet (GOOGL), Microsoft (MSFT), Meta (META), and Oracle (ORCL), the analyst tells investors in a research note.