Jabil (JBL) PT Raised to $244 at UBS

UBS analyst David Vogt raised the price target on Jabil (NYSE: JBL) to $244.00 (from $239.00) while maintaining a Neutral rating.

The analyst commented, "Strength in Jabil's Cloud/DCI segment drove a solid F1Q with revenue and EPS better than our expectations. In what should be a relief to investors, sustained demand strength for AI related infrastructure across server racks, switches, and optics lifted 'Intelligent Infra' revenue up 54% YoY to an estimated $3.84B, ~7% above our $3.60B est (guide $3.67B). In addition to AI related spend, strength in more traditional end-mkts like storage and switching was also a tailwind in the qtr. Finally, despite market fears of a spending slowdown at AWS going forward related to its Tranium program, Jabil provided a strong F2Q guide and raised the outlook for Intel Infra FY26 rev to $15.4B from $14.5B or ~6%. As such, the consolidated FY26 rev guide was lifted 3.5% higher to $32.4B from $31.3B or almost 9% YoY growth, ~3% above our conservative $31.4B est. Therefore, we believe the results are good enough to steady investor sentiment, providing near-term support for the shares following recent weakness across AI related exposed companies."

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