Jabil Inc reaches a 20-day high amid sector rotation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 26 2024
0mins
Should l Buy JBL?
Source: SeekingAlpha
Jabil Inc (JBL) saw a price increase of 3.94%, reaching a 20-day high, while the broader market faced slight declines with the Nasdaq-100 down 0.34% and the S&P 500 down 0.06%.
This rise is attributed to sector rotation, as investors are shifting their focus towards companies like Jabil Inc amid cautious market sentiment, despite the overall market weakness reflected in the declines of major indices. The recent economic data has shown resilience, but investor caution remains high as interest rate expectations shift.
The implications of this movement suggest that Jabil Inc is benefiting from a strategic repositioning by investors, who are looking for growth opportunities in specific sectors, even as the broader market shows signs of weakness.
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Analyst Views on JBL
Wall Street analysts forecast JBL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JBL is 265.00 USD with a low forecast of 244.00 USD and a high forecast of 283.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 241.830
Low
244.00
Averages
265.00
High
283.00
Current: 241.830
Low
244.00
Averages
265.00
High
283.00
About JBL
Jabil Inc. provides comprehensive engineering, manufacturing, and supply chain solutions. The Company provides comprehensive electronics design, production, and product management services to companies in various industries and end markets. The Company’s Regulated Industries segment is focused on regulated markets and includes revenues from customers primarily in the automotive and transportation, healthcare and packaging, and renewable energy infrastructure industries. Its Intelligent Infrastructure segment is focused on the modern digital ecosystem including artificial intelligence (AI) infrastructure and includes revenues from customers primarily in the capital equipment, cloud and data center infrastructure, and networking and communications industries. Its Connected Living and Digital Commerce segment is focused on digitalization and automation, including warehouse automation and robotics. The Company is also engaged in drug development and manufacturing solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
JABIL INC. ANNOUNCES $500 MILLION IN 4.200% SENIOR NOTES SET TO MATURE IN 2029 - SEC FILING
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Maturity Date: The senior notes are due in 2029, indicating a long-term financing strategy.
See More
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- Board Activity: Board members of Jabil are initiating a series of stock sales as the year begins.
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- Strategic Investment Collaboration: Jabil has formed a strategic minority investment and manufacturing collaboration with EHT Semi, combining Jabil's manufacturing capabilities with EHT's innovative power delivery technologies to tackle critical challenges in advanced semiconductor fabrication.
- Technological Innovation Enhancement: EHT Semi specializes in RF and pulsed DC power systems that deliver unprecedented plasma stability and precision, enabling breakthrough capabilities in high aspect ratio etch, atomic layer etch, and atomic layer deposition for next-generation semiconductor processes.
- Market Demand Response: This collaboration leverages Jabil's expertise in high-voltage power systems to help EHT Semi deliver next-generation RF and pulsed-power solutions to global semiconductor leaders, addressing the growing demand for high-performance semiconductors.
- Compliance and Scalability: EHT's CEO noted that collaborating with Jabil removes barriers to scaling, ensures compliance with global manufacturing standards and cost targets, enabling EHT to serve the largest semiconductor manufacturers and further solidify its market position.
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- Goldman Sachs Gains: Goldman Sachs has risen about 4% this week, with a 4.6% increase on Thursday following its quarterly earnings report, reflecting strong market confidence in its financial health.
- Regional Bank Performance: Regions Financial has gained 15.3% over the past three months, despite a 2.5% drop this week, showcasing the resilience and growth potential of regional banks in the current market.
- Tech Stock Dynamics: Taiwan Semiconductor's stock rose 4.4% and is up 12% in January, with its strong earnings report seen as a signal for a tech stock recovery, further boosting market optimism towards technology shares.
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- Stock Performance: Jabil's stock has risen each trading day this week, closing 4.9% higher than the previous session as of Wednesday, indicating strong market performance and investor confidence.
- Analyst Price Target Increase: Goldman Sachs analyst Mark Delaney raised Jabil's price target from $255 to $282, based on optimistic expectations for growing data center demand, implying nearly 17% upside potential.
- Consistent Bullish Views: Bank of America also raised its price target on Jabil from $265 to $280, further reflecting positive market sentiment, although investors should remain focused on the company's fundamentals.
- Financial Health Outlook: Jabil projects year-over-year revenue growth for fiscal 2026 and maintains consistent profitability, showcasing its extensive exposure to the artificial intelligence sector and significant growth potential, making it a worthy consideration for investors.
See More
Jabil (NYSE: JBL) Stock Rises 4.9% as Analysts Raise Price Targets to $282
- Stock Performance: Jabil's shares have risen 4.9% over the first three days of the week, indicating strong market optimism and potentially attracting more investor interest.
- Analyst Upgrades: Goldman Sachs analyst Mark Delaney raised Jabil's price target from $255 to $282, based on optimistic expectations of growing data center demand, suggesting nearly 17% upside potential.
- Positive Sentiment from Other Firms: Bank of America analyst Ruplu Bhattacharya also increased Jabil's price target from $265 to $280, further bolstering market confidence and reflecting recognition of the company's profitability.
- Strong Fundamentals: Jabil projects year-over-year revenue growth in fiscal 2026 and maintains consistent profitability, showcasing its extensive exposure to the artificial intelligence industry and significant growth potential, making it a worthy consideration for investors.
See More
JABIL INC. ANNOUNCES $500 MILLION IN 4.200% SENIOR NOTES SET TO MATURE IN 2029 - SEC FILING
Financial Overview: The company has issued $500 million in senior notes with a 4.200% interest rate.
Maturity Date: The senior notes are due in 2029, indicating a long-term financing strategy.
See More
Jabil Insiders Cash In on Stock Sales Following AI-Driven Surge
- Company Performance: Jabil, a data center infrastructure company, has reported a strong start to 2026.
- Board Activity: Board members of Jabil are initiating a series of stock sales as the year begins.
See More
Jabil Inc. Partners with EHT Semi to Enhance Semiconductor Manufacturing Technology
- Strategic Investment Collaboration: Jabil has formed a strategic minority investment and manufacturing collaboration with EHT Semi, combining Jabil's manufacturing capabilities with EHT's innovative power delivery technologies to tackle critical challenges in advanced semiconductor fabrication.
- Technological Innovation Enhancement: EHT Semi specializes in RF and pulsed DC power systems that deliver unprecedented plasma stability and precision, enabling breakthrough capabilities in high aspect ratio etch, atomic layer etch, and atomic layer deposition for next-generation semiconductor processes.
- Market Demand Response: This collaboration leverages Jabil's expertise in high-voltage power systems to help EHT Semi deliver next-generation RF and pulsed-power solutions to global semiconductor leaders, addressing the growing demand for high-performance semiconductors.
- Compliance and Scalability: EHT's CEO noted that collaborating with Jabil removes barriers to scaling, ensures compliance with global manufacturing standards and cost targets, enabling EHT to serve the largest semiconductor manufacturers and further solidify its market position.
See More
PNC Financial Set to Release Earnings as Stock Dips 2.5%
- Earnings Preview for PNC: PNC Financial is set to release its quarterly earnings on Friday, with its stock down 2.5% from last week's high, indicating cautious investor sentiment ahead of the report.
- Goldman Sachs Gains: Goldman Sachs has risen about 4% this week, with a 4.6% increase on Thursday following its quarterly earnings report, reflecting strong market confidence in its financial health.
- Regional Bank Performance: Regions Financial has gained 15.3% over the past three months, despite a 2.5% drop this week, showcasing the resilience and growth potential of regional banks in the current market.
- Tech Stock Dynamics: Taiwan Semiconductor's stock rose 4.4% and is up 12% in January, with its strong earnings report seen as a signal for a tech stock recovery, further boosting market optimism towards technology shares.
See More
Jabil (NYSE: JBL) Stock Rises Daily, Goldman Sachs Raises Price Target to $282
- Stock Performance: Jabil's stock has risen each trading day this week, closing 4.9% higher than the previous session as of Wednesday, indicating strong market performance and investor confidence.
- Analyst Price Target Increase: Goldman Sachs analyst Mark Delaney raised Jabil's price target from $255 to $282, based on optimistic expectations for growing data center demand, implying nearly 17% upside potential.
- Consistent Bullish Views: Bank of America also raised its price target on Jabil from $265 to $280, further reflecting positive market sentiment, although investors should remain focused on the company's fundamentals.
- Financial Health Outlook: Jabil projects year-over-year revenue growth for fiscal 2026 and maintains consistent profitability, showcasing its extensive exposure to the artificial intelligence sector and significant growth potential, making it a worthy consideration for investors.
See More
Jabil (NYSE: JBL) Stock Rises 4.9% as Analysts Raise Price Targets to $282
- Stock Performance: Jabil's shares have risen 4.9% over the first three days of the week, indicating strong market optimism and potentially attracting more investor interest.
- Analyst Upgrades: Goldman Sachs analyst Mark Delaney raised Jabil's price target from $255 to $282, based on optimistic expectations of growing data center demand, suggesting nearly 17% upside potential.
- Positive Sentiment from Other Firms: Bank of America analyst Ruplu Bhattacharya also increased Jabil's price target from $265 to $280, further bolstering market confidence and reflecting recognition of the company's profitability.
- Strong Fundamentals: Jabil projects year-over-year revenue growth in fiscal 2026 and maintains consistent profitability, showcasing its extensive exposure to the artificial intelligence industry and significant growth potential, making it a worthy consideration for investors.
See More
