On August 11, Jabil Circuit rose 5.15% in regular trading, trading at $353.925/share, with turnover of $20.20 million. The rally was driven by UBS upgrading the stock from Neutral to Buy while maintaining its $430 price target.

UBS had previously raised its price target from $380 to $430 following the June earnings season but maintained a neutral stance at that time. The formal upgrade to Buy reflects growing confidence in the company's AI-driven growth trajectory. UBS noted that Jabil's preliminary fiscal 2027 AI outlook, which projects 50% AI-related revenue growth alongside consolidated operating margins of at least 6%, overshadowed in-line fiscal 2026 guidance. The mean analyst price target now stands at $442.30, with an average overweight rating.

Additionally, the company approved a $1.5 billion share repurchase program in July, further bolstering shareholder returns. Jabil reported strong fiscal Q3 results in June, with adjusted EPS of $3.16 beating estimates and full-year revenue guidance raised to $35 billion, supported by robust AI infrastructure demand that its CEO described as extremely strong.

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