In a report released today, Andrew Kaplowitz from Citi maintained a Buy rating on Jacobs Solutions (J – Research Report), with a price target of $150.00.
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Andrew Kaplowitz’s rating is based on several compelling factors that suggest a positive outlook for Jacobs Solutions. The company is making strides in enhancing its operational performance by focusing on self-improvement initiatives and refining its business model. This strategic shift is complemented by a favorable demand environment in the infrastructure sector, which is expected to bolster the company’s growth prospects.
Jacobs Solutions is particularly optimistic about its pipeline of opportunities in areas such as water infrastructure and life sciences, supported by anticipated funding from the Infrastructure Investment and Jobs Act. The company’s comprehensive solutions, digital and AI capabilities, and global presence position it well to capitalize on positive infrastructure and design market trends. Additionally, Jacobs Solutions is focusing on organic growth and share repurchases, which could further enhance its financial performance and shareholder value.
In another report released on May 9, UBS also maintained a Buy rating on the stock with a $152.00 price target.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of J in relation to earlier this year.