Read Why Goldman Sachs Turned Bullish On Jabil

December 10, 2021 9:54 AM | 1 min read | Make a Comment

Goldman Sachs analyst Mark Delaney upgraded Jabil Inc JBL to Buy from Neutral with a price target of $75, up from $63, implying a 15% upside.
"Fast-growing" end markets, including electric vehicles and cloud, are becoming an increasingly large percentage of the company's portfolio, which should allow Jabil to sustain "solid" sales growth.
The company's newer businesses and improving diversification within Apple Inc AAPL have helped the shares outperform, and this can continue, says the analyst.
Jabil is engaged in providing manufacturing services and solutions. It provides comprehensive electronics design, production, and product management services to various industries and end markets.
Price Action: JBL shares traded higher by 5.66% at $65.22 on the last check Friday.