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Jabil (JBL) turned heads at the OCP Global Summit by launching its new J-422G server, along with several other AI and cloud-focused data center solutions. The company highlighted modular server expansion and reinforced its commitment to secure, AI-driven innovation.

See our latest analysis for Jabil.

Jabil’s share price has surged nearly 49% since the start of the year, supported recently by fresh AI and cloud-focused product launches, executive board news, and sizable buyback activity. Even more impressive, its total return to shareholders is up over 70% in the past 12 months and a remarkable 554% over five years. This reflects growing optimism around the company’s evolving portfolio and long-term strategy.

If these milestones have you thinking about what else is gaining momentum in tech and AI, exploring See the full list for free. could reveal your next opportunity.

Yet with a meteoric share-price rise and strong buyback momentum, investors face a key question: is Jabil’s upside still ahead, or has the market already accounted for every sign of future growth?

With Jabil’s last close at $212.44, the most popular narrative places fair value higher, at $247.38. This suggests considerable upside remains if the narrative’s assumptions take shape. Here’s what underpins this outlook and what could change the story.

Jabil’s significant U.S. manufacturing footprint positions it well to benefit from potential tariff changes, allowing it to maintain and possibly grow revenue through strategic relocation of manufacturing activities. The expansion in India, particularly in Gujarat, to support photonics capabilities indicates growth potential in a promising market, likely enhancing future revenues from domestic demand and infrastructure projects.

Read the complete narrative.

Want to know the math behind that bullish target? The narrative is built on aggressive forecasts for future profit margins and rapid expansion into new markets. Which assumptions fuel that lofty price? You’ll have to explore the full narrative to see the growth bets and the bold moves baked into this fair value.

Result: Fair Value of $247.38 (UNDERVALUED)

Have a read of the narrative in full and understand what’s behind the forecasts.

However, continued weakness in electric vehicles and renewable energy, or persistent inventory pressures, could still challenge Jabil’s growth story in the future.

Find out about the key risks to this Jabil narrative.

Looking at Jabil through its price-to-earnings ratio, the stock trades at 34.5 times earnings. This figure is above the US electronics industry average of 25.9 and just under its fair ratio of 35.4. While this might suggest the shares are on the expensive side, being close to the fair ratio could also mean the market is pricing in Jabil’s growth plans. Is there real upside left, or could expectations be running ahead of reality?

See what the numbers say about this price — find out in our valuation breakdown.

Curious to see if your perspective matches the analysis or if another angle stands out? Exploring the data yourself takes just a few minutes, so why not Do it your way

A great starting point for your Jabil research is our analysis highlighting 2 key rewards and 4 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include JBL.

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