Baird and Goldman Sachs raise Jabil targets
Jabil Inc. saw its price target raised by Baird to $440 from $355 and by Goldman Sachs to $482 from $384.
The upgrades follow Jabil’s Q3 results, which showed core EPS of $3.16 and revenue of $8.8B.
Jabil’s AI-related revenue growth and expanding margins drove the target increases.
The company’s full-year AI-related revenue outlook is now meaningfully higher, driven by strong AI infrastructure demand.