Jacobs price target raised to $169 from $160 at RBC Capital

RBC Capital analyst Sabahat Khan raised the firm’s price target on Jacobs (J) to $169 from $160 and keeps an Outperform rating on the shares. The company reported Q2 results ahead of consensus and raised FY26-FY29 guides higher, primarily reflecting strength in the underlying business, while the backlog also reached another record this quarter, with strength in the data center and life sciences end-markets being particular standouts, the analyst tells investors in a research note.