​JBS N.V. (JBS) to Double Production in Jeddah

​JBS N.V. (NYSE:JBS) is one of the Most Undervalued Foreign Stocks to Buy According to Analysts. On January 22, Reuters reported that JBS N.V. (NYSE:JBS) is set to double production at its chicken processing plant in Jeddah by the end of 2026.

​According to Reuters, the company built this plant last year in Saudi Arabia. The plant has allowed the company to almost quadruple its production in the country. This step is seen as a strategic measure by the company to increase local food production and get ahead of its Brazilian competitor in the region.

​In addition, JBS N.V. (NYSE:JBS) has also been expanding its partnerships in the region. According to the report, in October 2025, the company also signed an investment deal with Halal Products Development Company to help them list on the Riyadh stock exchange. The company is building one of the biggest units in Jeddah with a capacity of roughly 40,000 tons of meat products per year.

​That said, Wall Street also has a bullish sentiment on the stock, with analysts’ 12-month price target reflecting more than 31% upside from the current level.

​JBS N.V. (NYSE:JBS) is a food company that sells pork, beef, lamb, and poultry products. The company offers its products to club stores, supermarkets, other retail distributors, and foodservice companies.

While we acknowledge the potential of JBS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than JBS and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.