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Jabil Circuit (NYSE:JBL) stock has reached a new all-time high, hitting 219.14 USD. This milestone underscores the company’s robust performance over the past year, with a remarkable 99.62% return. According to InvestingPro data, the company, now valued at $23.45 billion, has seen management actively buying back shares, while analysts set price targets ranging from $176 to $245. The significant rise in stock price reflects investor confidence and the company’s strong market position as a prominent player in the Electronic Equipment, Instruments & Components industry. The achievement of this all-time high comes amid a period of growth and expansion for Jabil Circuit, as it continues to innovate and adapt in the competitive electronics manufacturing services industry. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with 18 additional exclusive insights available to subscribers.
In other recent news, Jabil has been making significant strides in its financial performance and business operations. The company reported total revenue of $7.8 billion, marking a 19% growth on a pro forma basis, which exceeded analyst expectations. Jabil has increased its artificial intelligence-related revenue forecast to $8.5 billion for fiscal 2025, representing over 50% year-over-year growth. This revised forecast is up from the company’s previous projection of $7.5 billion, and significantly higher than its original 2025 forecast of $5 billion to $6 billion. Barclays (LON:BARC) highlighted Jabil’s strength in its Cloud and Data Center business segments, which drove the company to raise its guidance. Analyst firms such as Stifel and BofA Securities have maintained a Buy rating on Jabil, with Stifel resuming coverage and BofA raising its price target to $245. UBS also raised its price target to $208, noting strong performance in Jabil’s Cloud/Data Center Infrastructure business. Barclays further raised its price target to $223, emphasizing the company’s AI revenue growth. Meanwhile, Jabil plans to open a new U.S. manufacturing site to support its expanding Cloud and Data Center operations.
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