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Jabil (JBL) Stock Forecast & Price Target

Jabil logo
$123.09
-0.89 (-0.72%)
(As of 10/31/2024 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

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
16.58% 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 16.58% from the current price of $123.09.
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JBL Analyst Ratings Over Time

TypeCurrent Forecast
11/1/23 to 10/31/24
1 Month Ago
10/2/23 to 10/1/24
3 Months Ago
8/3/23 to 8/2/24
1 Year Ago
11/1/22 to 11/1/23
Strong Buy
0 Strong Buy rating(s)
1 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$145.86$142.63$120.00
Forecasted Upside16.58% Upside22.40% Upside43.17% Upside-3.87% Downside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Buy

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.
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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.
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Jabil Stock vs. The Competition

TypeJabilComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.71
2.67
2.50
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside16.87% Upside625.06% Upside10.27% Upside
News Sentiment Rating
Positive News

See Recent JBL News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
9/27/2024Barclays
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$135.00 ➝ $157.00+25.39%
9/27/2024Stifel Nicolaus
4 of 5 stars
 Boost TargetBuy ➝ Buy$130.00 ➝ $140.00+10.54%
9/27/2024Bank of America
4 of 5 stars
 Boost TargetBuy ➝ Buy$135.00 ➝ $150.00+18.44%
9/3/2024JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$137.00 ➝ $133.00+24.73%
6/21/2024UBS Group
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 Lower TargetNeutral ➝ Neutral$130.00 ➝ $120.00+7.35%
3/19/2024Argus
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 DowngradeBuy ➝ Hold
3/4/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$141.00 ➝ $161.00+8.30%
10/11/2023Raymond James
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 Boost TargetStrong-Buy ➝ Strong-Buy$120.00 ➝ $160.00+19.11%
6/16/2023VNET Group
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 Reiterated RatingMaintains
6/16/2023Credit Suisse Group
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 Boost Target$110.00 ➝ $125.00+19.46%
12/16/2022Citigroup
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 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 07:18 PM 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 17, 2024. Please send any questions or comments about these Jabil pros and cons to contact@marketbeat.com.

Jabil
Bull Case

green Wall Street bull icon

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

red Wall Street bear icon

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 equities 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 equities research analysts is that investors should "moderate buy" JBL shares.

According to analysts, Jabil's stock has a predicted upside of 16.58% 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 2.67. Learn more on how JBL compares to other companies.


This page (NYSE:JBL) was last updated on 10/31/2024 by MarketBeat.com Staff
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