JPMorgan Raises Jabil Price Target to $430.00 with 43.86% Upside

JPMorgan Chase & Co. raised its price target for Jabil (NYSE:JBL) to $430.00 from $425.00, giving the company a potential upside of 43.86% from its previous close.

This is not the first time analysts have increased their target prices for Jabil. Other brokerages such as Stifel Nicolaus and Bank of America have also set price targets above $450.00 and $470.00, respectively.

Jabil has been on a roll, with its revenue up 28.6% year over year to $10.62 billion in the latest quarter, exceeding estimates of $9.69 billion.