Jabil price target raised to $90 from $80 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Jabil to $90 from $80 and keeps a Buy rating on the shares following the company’s quarterly report. The firm sees Jabil benefiting from its ongoing mix shift towards "more attractive and secularly growing end markets," such as EVs, healthcare, cloud, and renewables. Goldman also views the last quarter as a good illustration of the progress the company is making with the diversification of the business, given solid results, better margins and raised FY23 margin guidance, the analyst added.