Barclays Cuts Jabil (JBL) Price Target to $378

Barclays has reiterated its Overweight rating on Jabil Inc., reducing its price target to $378 from $426, a 36.26% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:15 PM EDT

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Barclays cut its price target on Jabil Inc. ($JBL) to $378 from $426 on October 1, 2026, and rates the stock "Overweight".

Since the rating, $JBL is down 0.2% after 1 week and down 7.2% to date (from the $299.79 close on Oct 1, 2026).

JBL Jabil Inc.

$278.25 +15.84% year to date

Daily close · Oct 16, 2026

Key Points

On October 1, 2026, Barclays reiterated its Overweight rating on Jabil Inc. (NYSE: JBL), lowering its price target to $378 from $426.
The stock closed at $293.91 before this announcement, which may signal a potential upside for investors as the target is significantly above the current price.
Analysts overall remain optimistic, with a consensus recommendation of 'Strong Buy' and a mean price target of $425 from nine analysts.

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Barclays Lowers Price Target for Jabil Inc.

On October 1, 2026, Barclays reiterated its Overweight rating on Jabil Inc. (NYSE: JBL) and set a new price target of $378, down from the previous target of $426. This update reflects Barclays' ongoing positive view of the company despite the adjustment in expectations.

The new target indicates a strong potential upside from the current trading level. Jabil shares closed at $293.91 before this announcement, suggesting that analysts believe the stock could perform well in the future, given the revised target is higher than the recent trading price.

Analyst rating track record

Barclays vs. the S&P 500

YTD return -0.14% hypothetical

All-time return -0.14% S&P 500 +0.30%

vs. S&P 500 -0.44% behind the index

Hypothetical returns from Barclays's disclosed trades, not real profit or advice. How we model this.

Analysts Set New Price Targets

On the same day, several analysts provided insights on Jabil. JP Morgan maintained its Overweight rating with a price target of $430, while Argus Research reiterated its Buy rating, also at a target of $475. This shows a consistent positive outlook among analysts, with a consensus recommendation of 'Strong Buy' and a mean price target of $425 based on nine analyst opinions.

What Jabil Inc. Does

Jabil Inc. is a global provider of manufacturing and engineering solutions. The company operates in various sectors, including healthcare, automotive, and electronics, offering services like product design and supply chain management. This diverse portfolio helps Jabil adapt to changing market demands and positions it well for future growth.

What's Ahead for Jabil Inc.

Investors will be watching Jabil's next earnings report scheduled for December 16, 2026. As this 13F filing reflects past positions, the current outlook from analysts could change as new information becomes available. Keep an eye on the company’s performance in the coming months as it navigates the competitive landscape.

12-month forecast