Jabil price target raised by $5 at Stifel, here’s why

Stifel raised the firm’s price target on Jabil to $140 from $135 and keeps a Buy rating on the shares, stating that there were “few surprises” to Jabil’s fiscal Q1 earnings call. However, “one positive surprise” the firm highlights was that, despite the near-term revenue headwind, Jabil maintained its FY25 EPS target of $10.65, which it expects to hit via accelerated share buybacks, volume growth, and further margin expansion. Despite the near-term topline headwinds, the firm sees Jabil as well positioned across key growth areas, the analyst tells investors.