Jabil: Growth Acceleration To Be Driven By AI Revenue
Portfolio Pulse from
Jabil (JBL) has been upgraded to a buy rating due to expected growth acceleration from AI revenue and strong 1Q25 performance. The company's 1Q25 revenue was $6.99 billion, surpassing consensus estimates, with significant growth in AI and Cloud segments. Management's FY25 guidance is seen as conservative given the AI demand momentum and improving US macro environment.
December 24, 2024 | 7:30 am
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Jabil's stock is likely to see positive movement due to an upgrade to a buy rating, driven by strong 1Q25 performance and anticipated growth in AI revenue.
Jabil's upgrade to a buy rating is based on its strong 1Q25 performance, with revenue surpassing estimates and significant growth in AI and Cloud segments. The conservative FY25 guidance suggests potential for further positive surprises, likely boosting investor confidence and stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100