Raymond James raised its price target for Jabil Inc. to $425 from $300. The firm maintains a Strong Buy rating on the stock. This revision precedes the company's third-quarter earnings report scheduled for June 17.
Seven other analysts recently increased their earnings estimates for the company. BofA Securities, UBS, and Stifel also raised their price targets. These firms cite robust demand in Jabil's datacenter and AI-related business segments.
Wall Street expects earnings of $3.08 per share for the upcoming quarter. Projected revenue for the period stands at $8.55 billion.