Jabil Circuit Inc is trading 4.2% up today at $367.14 following a significant price target hike from Raymond James.
- Raymond James raised its price target to $425 from $300 and reiterated a Strong Buy rating, citing strong AI and datacenter demand.
- The bullish call comes ahead of the company's upcoming earnings report scheduled for June 17.
- While the broader market is positive, the stock's move is primarily attributed to the analyst upgrade and optimism surrounding future results.