Benzinga | Dec 10, 2021 09:54AM EST

Read Why Goldman Sachs Turned Bullish On Jabil

* Goldman Sachs analyst Mark Delaney upgraded Jabil Inc (NYSE:JBL) to Buy from Neutral with a price target of $75, up from $63, implying a 15% upside.

* "Fast-growing" end markets, including electric vehicles and cloud, are becoming an increasingly large percentage of the company's portfolio, which should allow Jabil to sustain "solid" sales growth.

* The company's newer businesses and improving diversification within Apple Inc (NASDAQ:AAPL) have helped the shares outperform, and this can continue, says the analyst.

* Jabil is engaged in providing manufacturing services and solutions. It provides comprehensive electronics design, production, and product management services to various industries and end markets.

* Price Action: JBL shares traded higher by 5.66% at $65.22 on the last check Friday.