Stifel Resumes Jabil (JBL) at Buy

Stifel analyst Ruben Roy resumes coverage on Jabil (NYSE: JBL) with a Buy rating and a price target of $245.00.

The analyst comments "We are resuming coverage of Jabil, Inc (JBL) with a Buy rating and $245 Target Price. While the majority of Electronic Manufacturing Services (EMS) companies have significantly outperformed YTD (+28%) vs. S&P (+4%), we believe that multiple expansion can be attributed to ongoing improvement in end-market mix, margin expansion, and increasing exposure to AI-related data center infrastructure investment. On this last trend, JBL’s Intelligent Infrastructure business has seen significant upside in recent quarters driven by AI-related revenue. With its recently reported F3Q25 financial results, JBL increased its outlook for AI-related revenue to $8.5bn, up 50% y/y, from $7.5bn previously, and up from an original forecast for 2025 that called for $5bn - $6bn. We believe that we remain in the early innings of a long-tailed AI infrastructure investment cycle, and we believe that JBL is well-positioned to benefit."

For an analyst ratings summary and ratings history on Jabil click here. For more ratings news on Jabil click here.

Shares of Jabil closed at $216.14 yesterday.

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