On June 12, Jabil Inc rose 5.28% in regular trading, trading at $368.125/share, with turnover of $111 million. The rally comes amid a confluence of bullish catalysts heading into the companys June 17 earnings release.
UBS recently raised its target price on Jabil from $273 to $380, maintaining a neutral rating. Meanwhile, prominent social media investor Serenity publicly endorsed the stock on X, calling it an extremely attractive long-term opportunity at its $38 billion market cap, arguing that the market has not fully priced in Jabils 1.6T LRO (Linear Receive Optics) pluggable optical module business.
Consensus estimates for the upcoming quarter project revenue of approximately $8.55 billion, up 21.12% year-over-year, with adjusted EPS of $3.08, representing 33.26% growth. The broader Electronic Manufacturing Services sector moved higher in tandem, with Flex Ltd up 5.97%, Celestica up 4.02%, TTM Technologies up 3.84%, TE Connectivity up 1.44%, and Fabrinet up 1.04%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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