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UBS upgrades Jabil to buy on AI growth, raises estimates; keeps $430 target
['Jaiveer Shekhawat', 'Tue', 'August', 'At Pm Gmt', 'Min Read']
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Investing.com -- UBS upgraded Jabil to Buy from Neutral, citing stronger AI-driven demand and a more diversified business mix.
The bank kept its $430 price target, implying about 28% upside, while raising its fiscal 2027 and 2028 EPS estimates to $16.78 and $20.24 from $15.89 and $18.34, respectively.
UBS expects operating margin to rise to about 6% in fiscal 2027 from an estimated 5.8% in fiscal 2026.
UBS raised its fiscal 2027 and 2028 revenue estimates by about 6% and EPS estimates by 6% and 10%, respectively, following supply-chain checks pointing to stronger demand.
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