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AI Research

PA Consulting acquisition for $1.64B; Q1 2026 beats with raised full-year guidance

Jacobs Solutions posted stronger-than-expected fiscal Q1 2026 results and raised full-year 2026 adjusted net revenue, EPS, and free cash flow margin guidance. The company announced plans to acquire the remaining stake in PA Consulting for $1.64B, significantly boosting growth prospects in high-demand professional services sectors. Wells Fargo raised its price target from $130 to $137, maintaining an equal weight rating; the stock opened at $128.94 on March 17 with a $15.14B market cap.