JPMorgan has adjusted its outlook on Jabil Inc. (JBL, Financial), reducing its price target for the company's shares from $175 to $154. Despite this downward revision, the financial institution maintains an Overweight rating on the stock.
The adjustment comes as JPMorgan revises its models for hardware and networking, incorporating expectations of a broad macroeconomic slowdown influenced by ongoing tariff-related uncertainties. This cautious approach reflects anticipated weaker demand across various customer segments, including consumers, enterprises, and telecoms.
This strategic update by the bank aligns with its broader view that the macroeconomic climate may lead to moderated demand in multiple sectors, potentially impacting growth projections for Jabil in the near future.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Jabil Inc (JBL, Financial) is $168.01 with a high estimate of $184.00 and a low estimate of $146.00. The average target implies an upside of 25.51% from the current price of $133.87. More detailed estimate data can be found on the Jabil Inc (JBL) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Jabil Inc's (JBL, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Jabil Inc (JBL, Financial) in one year is $116.48, suggesting a downside of 12.99% from the current price of $133.87. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Jabil Inc (JBL) Summary page.
