Analysts See Up To 57% Upside In Jabil Post Q4 Earnings - Read Why - Jabil (NYSE:JBL)

Analysts hailed Jabil Inc's JBL Q4 earnings results by raising their price targets.
Stifel analyst Matthew Sheerin upgraded from Hold to Buy and raised the PT from $63 to $68, implying an 18.8% upside.
Sheerin sees the pullback in shares following what he calls "a solid quarter and outlook" as a buying opportunity, especially in light of Jabil's "robust outlook" for 8% topline growth, continued margin expansion, and about $6.35 in adjusted EPS for FY22.
Programs in higher-margin end markets where Jabil has made significant investments, including autos, healthcare, industrial, and cloud, are driving that growth, noted Sheerin.
Sheerin thinks the stock's current multiple "gives the company no credit for significant progress in diversifying its business, expanding margins and generating cash."
Raymond James analyst Adam Tindle maintained a Strong Buy and raised the PT from $66 to $70, indicating a 22.3% upside.
Citi analyst Jim Suva raised the PT to $90 from $80, suggesting a 57.3% upside, and affirmed a Buy.
Suva says the "rare" sales miss by Jabil is "understandable given the component supply chain shortages that companies have widely discussed."
Despite this, Suva notes that the company is guiding the November quarter inline and its FY22 earnings to be 6% above consensus.
Suva views the post-earnings selloff as a buying opportunity.
Price Action: JBL shares traded higher by 2.32% at $58.56 on the last check Thursday.

Analysts See Up To 57% Upside In Jabil Post Q4 Earnings - Read Why