BofA Securities lifted its price target on Jabil to $280 from $265 while reaffirming a Buy rating following an investor meeting with EVP Matt Crowley and SVP Adam Berry. The firm cited increased conviction in Jabil’s AI infrastructure roadmap and applied a 20× multiple to calendar 2027 earnings of $13.75 per share to justify the new objective, reflecting expectations of both revenue growth and margin expansion.

Analysts noted that Jabil’s Intelligent Infrastructure segment is experiencing robust demand visibility, with customer purchase orders arriving earlier than usual due to lengthening component lead times. BofA projects sustained strength in this division over the next 24 to 36 months, driven by enterprise investments in data center modernization and network edge deployments.

While management held full-year guidance steady, BofA signaled confidence that Jabil can return to roughly 50% year-over-year growth in AI-related revenues in fiscal 2027, outperforming the 35% growth rate currently forecast for fiscal 2026. This acceleration is expected as customers expand projects in machine learning, high-performance computing and custom module integration.

Looking beyond fiscal 2026, Jabil sees the evolution of data center architectures toward rack-level systems as an opportunity to deepen partnerships with networking OEMs. The company’s strategy includes co-design initiatives, turnkey manufacturing of advanced switch and router components, and integration of cloud-scale power and cooling solutions to capture incremental share in next-generation infrastructure builds.