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Wire

Jacobs Solutions Benefits From AI Buildout Across Multiple End Markets, RBC Says

Jacobs Solutions (J) is seeing robust demand across end-markets directly related to the AI buildout, which accounts for about 10% of revenue and is growing more than 35% year over year, creating a positive flywheel effect given its positioning across relevant sectors, RBC Capital Markets said in a Monday research report.Second-derivative AI tailwinds include the acceleration of drug discovery, where Jacobs is also witnessing steady demand, according to the note.The company's digital & Data team has quadrupled in about five years and continues to use engineering data to create tools that enhance efficiency at the enterprise level, ultimately freeing up resources for new projects, according to the note.RBC also pointed to Jacobs' role as engineering, procurement and construction management partner for the FUJIFILM Diosynth Biotechnologies facility in Holly Springs, North Carolina, saying the project underscores the company's positioning in the life sciences market and its ability to benefit from long-term demand trends.The firm has an outperform rating on the stock with a $169 price target.Price: $126.60, Change: $-0.41, Percent Change: -0.32%

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Wire

Jacobs Growth Could Improve on Data Centers, Life Sciences Demand, RBC Says

Jacobs (J) could see stronger growth in H2 as data center demand, Life Sciences work, US infrastructure spending, AI use and shareholder returns support the outlook, RBC Capital Markets said in a note Monday.Jacobs' demand backdrop remains healthy, with Life Sciences and Advanced Facilities expected to improve further in H2, and the company is already seeing better growth, helped by higher net revenue in fiscal Q1 and fiscal Q2, the investment firm said.RBC said about 10% of Jacobs' business is linked to the AI market, including data centers, power, energy and semiconductors, with demand supported by hyperscalers and neocloud companies, adding that Jacobs could win more work from Hut 8 (HUT) after securing a second AI data center project, helped by its growing relationship with the customer and its data center work with Nvidia (NVDA).The US infrastructure outlook also remains supportive, with about half of the $500 billion IIJA funding allocated and a possible surface transportation reauthorization later this year, according to the note.RBC kept the company's outperform rating and $169 price target.Price: $114.11, Change: $+0.50, Percent Change: +0.44%

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Wire

Argus Cuts Jacobs Solutions Price Target to $145 From $155

Jacobs Solutions (J) has an average rating of overweight and mean price target of $160.69, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $116.18, Change: $-2.25, Percent Change: -1.90%

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Research

Research Alert: CFRA Upholds Buy Rating On Shares Of Jacobs Solutions Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our target price by $10 to $155 on a P/E of 19.1x our FY 27 (Sep.) EPS view, in line with J's three-year historical forward P/E average (19.7x). We raise our FY 26 EPS estimate by $0.09 to $7.26 and FY 27's by $0.25 to $8.13 on respective adjusted revenue projections of $9.50B (+9%) and $10.11B (+6%). We think J's underlying business is demonstrating exceptional health, with 9% organic growth and a record $27B backlog due to powerful AI infrastructure tailwinds. This momentum led management to raise FY 26 guidance for revenue, margin, and EPS for the second consecutive quarter. Key opportunities are centered in its data center business, which grew over 100% Y/Y with a pipeline up 400%. J continues to leverage its NVIDIA partnership to deliver digital twins and provide full EPCM (Engineering, Procurement, and Construction Management) solutions for next-generation AI factories. While the PA Consulting acquisition created temporary GAAP and cash flow distortions, these are viewed as manageable.

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Research

Research Alert: J Mar-q: Strong Eps Beat Driven By Broad-based Growth And Record Backlog

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:J delivered strong Mar-Q results with adjusted EPS of $1.75 vs. $1.43 prior year, beating Street estimate of $1.63, while adjusted net revenue of $2.3B (+9%) marked accelerating growth momentum. The Infrastructure & Advanced Facilities segment showed robust performance at $1.97B (+8%) with Critical Infrastructure +9%, Water & Environmental +2%, and Life Sciences & Advanced Manufacturing +12%, while PA Consulting continued impressive trajectory with 17% growth. This diversified performance underscores J's successful positioning across high-growth, high-margin sectors benefiting from secular tailwinds. The completion of PA Consulting acquisition represents a strategic milestone, with management increasing cost synergy estimates to $20M+ within 24 months from the initial $16M-$20M range. J's record backlog of $27.0B (+22%) provides exceptional revenue visibility, supported by strong book-to-bill ratios of 1.2x for Mar-Q and 1.4x trailing-12-month.

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Wire

Jacobs Solutions Fiscal Q2 Earnings, Revenue Rise

Jacobs Solutions (J) reported fiscal Q2 adjusted earnings late Tuesday of $1.75 per diluted share, up from $1.43 a year earlier.Analysts polled by FactSet expected $1.63.Revenue in the three months ended March 27 rose to $3.69 billion from $2.91 billion a year ago.Jacobs boosted fiscal 2026 adjusted EPS guidance to the range of $7.10 to $7.35 from the prior forecast of $6.95 to $7.30.Analysts polled by FactSet expect $7.12.Jacobs shares fell 4.8% in after-hours trading.

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US Markets

Industrial Demand Holds Strong Despite Iran War, Truist Securities Says

The industrial sector likely saw strong demand in the first quarter, despite concerns around the impact of the Iran war, Truist Securities said in a note on Friday.The broader momentum is attributable to improved demand in machinery markets and growth across data centers, aerospace, and heating, ventilation and air conditioning, according to the note."Rising input costs tied to the Iran war are manageable in the short term," Truist analysts, including Jamie Cook, said.While there are worries tied to tariffs, "we would be more concerned about a prolonged war with Iran and the potential macro repercussions," Cook said.Oil prices plunged on Friday after Iran opened the Strait of Hormuz following a ceasefire agreement between Lebanon and Israel. Energy prices have surged following the US-Israel war with Tehran. US President Donald Trump has expressed optimism over the prospects of a deal with Iran ahead of the expiration of a two-week ceasefire between the two sides."We see a positive setup for first-quarter prints across machinery, multi-industry and infrastructure services," Cook wrote.Within the machinery industry, the brokerage maintained 2026 estimates for Deere (DE), AGCO (AGCO) and CNH Industrial (CNH) amid order momentum. Caterpillar (CAT) is expected to deliver another strong quarter, Cook said.Infrastructure service companies AECOM (ACM) and Jacobs (J) must convince investors with sustainable organic growth and margin improvement, though Jacobs is seen posting a solid quarter.Multi industry player Parker-Hannifin (PH) is on track for continued earnings beats and raises, with signs that industrial organic growth is improving, Cook said. AMETEK (AME) is recovering and holds capacity for more deals, according to the research note.AMETEK completed its acquisition of Faro Technologies in 2025.

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Wire

Baird Adjusts Price Target on Jacobs Solutions to $126 From $130, Maintains Neutral Rating

Jacobs Solutions (J) has an average rating of overweight and mean price target of $158.54, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $122.18, Change: $-0.70, Percent Change: -0.57%

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