Jabil shares surge 6.78% after-hours as BofA raises price target to $280 and broader tech sector rallies on AI demand and market optimism.

Jabil Inc. (JBL) surged 6.78% in after-hours trading following a Bloomberg-style analysis of recent developments. The stock’s rally aligns with a broader market rebound driven by tech-sector optimism and a $200 billion AI capital expenditure plan by Amazon, which boosted investor sentiment toward "pick-and-shovel" semiconductor suppliers. Specific to Jabil, BofA Securities raised its price target to $280 from $265, maintaining a Buy rating, while Raymond James reaffirmed a Buy with a $260 target. These analyst upgrades, combined with positive leadership developments and data center demand expectations, amplified the stock’s momentum. The broader market context, including a 6.9% intraday jump for Jabil during the session, further reinforced the after-hours surge, reflecting renewed confidence in the company’s growth prospects amid favorable macroeconomic conditions.