J.P.Morgan raises Jabil's PT on strong AI demand, datacenter expansion

J.P.Morgan lifts PT on electric components maker Jabil JBL.N to $260 from $256, maintains rating at "overweight"

New PT shows an upside of 16.9% from the stock's last close

Brokerage says co poised for upside with strong AI server demand, balanced mix, and datacenter power expansion supporting a positive outlook

Jabil's role in AI datacenter servers and switches gives it a strong position to benefit from fast-growing markets and earn higher profits, says J.P.Morgan

Co will report earnings on Wednesday

10 of 12 brokerages rate the stock "buy" or higher, 2 "hold" ; their median PT is $255.78- data compiled by LSEG

Including session's moves, shares up 56.8% YTD