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Jacobs Solutions rated Buy on strong AI data center demand and growing project backlog.

Analyst Insights
24 Sep 2026
Seeking Alpha
View Source
Bullish
Jacobs Solutions rated Buy on strong AI data center demand and growing project backlog.

Jacobs Solutions is rated Buy due to increasing demand for AI data centers and a broadening project scope that supports sustainable growth. The company's backlog reached $28.9 billion, up 27.3% year-over-year, with improved project economics and visibility extending into 2028. Adjusted EBITDA margins are expanding thanks to better utilization, global delivery, and a shift toward higher-margin fixed-price projects. Valuation is attractive at 17.33 times FY27 EPS, with expectations of double-digit earnings growth driven by strong demand beyond AI sectors.

Jacobs Solutions' outlook on AI-driven growth and margin improvement provides context for the Industrials sector's performance on Pluang. For readers following Industrials, here is Pluang's market snapshot as of Sep 24, 2026 14:21 WIB: Among 93 priced US Industrials stocks, 29 rose and 55 fell. Notable movers include Norfolk Southern Corporation (NSC) at USD 320.00 with a 1-day change of +1.91% and 100% buy order activity, Thomson Reuters Corp (TRI) at USD 97.48 with a +1.90% change, and Redwire Corporation (RDW) at USD 11.08 down -1.69% with 60% sell order activity.

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