Jabil (JBL) Stock Forecast & Price Target

$128.18 +0.63 (+0.49%)

(As of 11/20/2024 ET)

Jabil - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 7 Analyst Ratings

Sell
0

Hold
2

Buy
5

Based on 7 Wall Street analysts who have issued ratings for Jabil in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 7 analysts, 2 have given a hold rating, and 5 have given a buy rating for JBL.

Consensus Price Target

$143.50
11.95% Upside

According to the 7 analysts' twelve-month price targets for Jabil, the average price target is $143.50. The highest price target for JBL is $161.00, while the lowest price target for JBL is $120.00. The average price target represents a forecasted upside of 11.95% from the current price of $128.18.

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JBL Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	6 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$143.50	$143.50	$142.63	$120.00
Forecasted Upside	11.95% Upside	15.71% Upside	31.44% Upside	-8.04% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy

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JBL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

JBL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Jabil Stock vs. The Competition

Type	Jabil	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.71	2.67	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	11.95% Upside	550.15% Upside	9.81% Upside
News Sentiment Rating	Positive News See Recent JBL News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
9/27/2024	Barclays 3 of 5 stars	Boost Target	Overweight ➝ Overweight	$135.00 ➝ $157.00	+25.39%
9/27/2024	Stifel Nicolaus 4 of 5 stars	Boost Target	Buy ➝ Buy	$130.00 ➝ $140.00	+10.54%
9/27/2024	Bank of America 4 of 5 stars	Boost Target	Buy ➝ Buy	$135.00 ➝ $150.00	+18.44%
9/3/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$137.00 ➝ $133.00	+24.73%
6/21/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$130.00 ➝ $120.00	+7.35%
3/19/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
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3/4/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$141.00 ➝ $161.00	+8.30%
10/11/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Strong-Buy ➝ Strong-Buy	$120.00 ➝ $160.00	+19.11%
6/16/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Maintains
6/16/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$110.00 ➝ $125.00	+19.46%
12/16/2022	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$80.00 ➝ $85.00	+24.36%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:34 AM ET.

Should I Buy Jabil Stock? JBL Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, October 31, 2024. Please send any questions or comments about these Jabil pros and cons to contact@marketbeat.com.

Jabil
Bull Case

Here are some ways that investors could benefit from investing in Jabil Inc.:

Jabil Inc. has shown consistent growth in revenue and earnings, with a strong return on equity of 40.30% in the latest quarter.
The stock price of Jabil Inc. is currently at an attractive level, trading at $106.83 on the market, potentially offering a good entry point for investors.
Primecap Management Co. CA, a significant institutional investor, has been increasing its stake in Jabil Inc., indicating confidence in the company's future prospects.
Analysts have given Jabil Inc. a consensus rating of "Moderate Buy" with a target price of $139.88, suggesting potential upside for investors.
Jabil Inc. operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services, providing diversified revenue streams and business stability.

Jabil
Bear Case

Investors should be bearish about investing in Jabil Inc. for these reasons:

Some analysts have lowered their price targets for Jabil Inc., indicating potential concerns about the company's future performance.
The stock has experienced a decline from its one-year high of $156.94 to the current level of $106.83, suggesting possible volatility and downside risk.
Insiders own only 2.62% of Jabil Inc.'s stock, which may raise questions about alignment of interests between management and shareholders.
Recent analyst reports have highlighted challenges in the industry, leading to adjustments in price targets for Jabil Inc.'s stock.
Jabil Inc. faces competition in the manufacturing services sector, which could impact its market position and profitability in the future.

JBL Forecast - Frequently Asked Questions

: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Jabil is $143.50, with a high forecast of $161.00 and a low forecast of $120.00.
: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Jabil in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" JBL shares.
: According to analysts, Jabil's stock has a predicted upside of 11.95% based on their 12-month stock forecasts.
: Jabil has been rated by research analysts at Bank of America, Barclays, JPMorgan Chase & Co., and Stifel Nicolaus in the past 90 days.
: Analysts like Jabil more than other "computer and technology" companies. The consensus rating score for Jabil is 2.71 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how JBL compares to other companies.

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This page (NYSE:JBL) was last updated on 11/21/2024 by MarketBeat.com Staff

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Jabil (JBL) Stock Forecast & Price Target