J Forecast + Trading Strategies


Bullish Case: Growing demand for engineering services and favorable market conditions could drive J's price upwards, particularly due to potential contract wins and market recovery, leading to a rally of 5-10%.




Bearish Case: Increased market uncertainty, coupled with negative macroeconomic indicators or disappointing earnings, might trigger a decline in J's stock price by 5-10%, particularly with heightened implied volatility affecting sentiment.




Potential Outcomes:

1) 70% chance of going sideways with prices near $140;

2) 20% chance of a rally to $150 if earnings surpass expectations;

3) 10% chance of dropping to $130 with market declines.




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November 03, 2024


Jacobs Engineering Group Forecast

J        Jacobs Engineering Group











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