Over the first three days of the week, Jabil (NYSE: JBL) stock has closed higher than its finish in each of the previous market sessions. Shares of the company, a provider of engineering, manufacturing, and supply chain solutions, seem poised to extend their streak today, thanks to an analyst's positive outlook.
As of 12:45 p.m. ET, Jabil's shares are up 4.9%.
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Is it just a swell of bullish sentiment, or is a wave forming?
Keeping a buy rating, Goldman Sachs analyst Mark Delaney raised the price target on Jabil stock to $282 from $255. According to thefly.com, Delaney based his more optimistic outlook on growing data center demand for Jabil's services.
NYSE: JBL
Key Data Points
Based on Jabil's closing price of $241.34 yesterday, Delaney's price target implies almost 17% upside.
Besides Goldman Sachs, Bank of America has also espoused a more bullish view on Jabil stock this week. Yesterday, BoA analyst Ruplu Bhattacharya boosted the price target on Jabil stock to $280 from $265.
Is it too late to buy Jabil stock after its recent rise?
While it's worth noting the analysts' improved outlooks for Jabil stock, Main Street investors need to remain focused on the company's fundamentals. Jabil projects year-over-year revenue growth in fiscal 2026, and the company is consistently profitable -- two encouraging signs for a company with ample growth potential due to its extensive exposure to the artificial intelligence (AI) industry. Analysts' opinions aside, Jabil stock is certainly worth strong consideration.
