Jacobs price target lowered to $152 from $163 at Truist

Truist lowered the firm’s price target on Jacobs (J) to $152 from $163 and keeps a Hold rating on the shares. The company reported a solid print and established FY26 guidance that was ahead of the Street at the mid-point and in line with targeted revenue growth and margin expansion targets, the analyst tells investors in a research note. The dramatic pullback in the stock remains unclear and, if driven by AI fears, it is likely overdone as Jacobs has been investing in AI to accelerate top line growth and margin expansion for years, the firm added.