Jacobs price target lowered to $141 from $147 at BofA

BofA lowered the firm’s price target on Jacobs (J) to $141 from $147 and keeps a Neutral rating on the shares. Q4 results were “solid,” says the analyst, who believes the share price reaction is likely more tied to themes that impact Engineering valuation multiples than the earnings profile in FY26. Following fiscal Q4, the firm believes a lower multiple is warranted given macro and AI uncertainty, but adds that it sees a positive growth outlook in 2026.