Citi trims Jacobs target, says earnings selloff overdone

Citi analyst Andrew Kaplowitz lowered the firm’s price target on Jacobs (J) to $180 from $182 and keeps a Buy rating on the shares. The firm views the post-earnings selloff in the shares as overdone. Jacobs in fiscal Q4 reported a record backlog, “healthy” book-to-bill, and introduction fiscal 2026 guidance that includes sales growth and margin expansion, the analyst tells investors in a research note. Citi attributes the pullback to sentiment and not the results. It sees an attractive entry point at current share levels.