This Tech Stock Looks Set to Explode in 2021

Apple (NASDAQ: AAPL) supplier Jabil (NYSE: JBL) has gotten off to a tentative start in 2021. Shares of the contract electronics manufacturer have failed to match the incredible rise of the Nasdaq-100 Technology Sector index in the early weeks of the year.

However, this slow start presents an opportunity for savvy investors to start building their long positions in Jabil stock, as it has the potential to zoom higher in the coming months. A mix of favorable business conditions in the contract electronics manufacturing space and the switch to a higher-margin business model are going to be tailwinds for this tech stock.

Let's take a closer look at these catalysts.

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Source Fool.com