JBL - Jabil's Strong Outlook Hinges On Growth In Key Markets: Analyst's Spotlight On AI-focused Business | Benzinga
Stifel analyst Matthew Sheerin reiterated a Buy rating on Jabil Inc. (NYSE: JBL), raising the price target to $135 from $120.
Jabil reported Q4 FY23 revenue of $8.46 billion, missing the consensus estimate of $8.54 billion. Diversified Manufacturing Services (DMS) revenue remained consistent, and Electronics Manufacturing Services (EMS) revenue declined by 13% Y/Y.
Sheerin applauds Jabil's FY24 outlook across key growth segments, including 20% growth in its auto/transport and industrial segments, 9% growth in healthcare, and ...