BUZZ-Brokerages raise PTs on Jabil after lifting annual forecasts

Reuters
Mar 19
BUZZ-Brokerages raise PTs on Jabil after lifting annual forecasts

** At least five brokerages bump up price targets on electronics firm Jabil JBL.N following raised annual profit and revenue forecasts

** Barclays says growth at JBL is being driven by strong hyperscaler AI demand, with a third hyperscaler deal expected to close soon and contribute from FY27

** Stifel adds intelligent infrastructure is driving growth on strong AI data-center demand, prompting Jabil to raise its FY26 outlook, while automotive and renewables show early recovery

** Ten of 13 brokerages rate the stock "buy" or higher, three "hold"; their median PT is $285.50 - data compiled by LSEG

** As of last close, stock had risen 13.4% YTD

Brokerages

New PT

Old PT

Stifel

$290

$255

Barclays

$304

$283

BofA Global Research

$295

$280

Raymond James

$300

$260

Argus Research

$300

$250

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))

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