Parsons Corporation (PSN)
NYSE: PSN · Real-Time Price · USD
97.40
-2.88 (-2.87%)
Nov 15, 2024, 4:00 PM EST - Market closed
Parsons Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for Parsons stock have an average target of 102.11, with a low estimate of 80 and a high estimate of 125. The average target predicts an increase of 4.84% from the current stock price of 97.40.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Parsons stock from 9 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 7 | 7 | 5 | 5 |
| Buy | 2 | 2 | 2 | 2 | 3 | 3 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 10 | 10 | 10 | 9 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keybanc | Keybanc | Buy Maintains $116 → $122 | Buy | Maintains | $116 → $122 | +25.26% | Oct 31, 2024 |
| Baird | Baird | Buy Maintains $103 → $125 | Buy | Maintains | $103 → $125 | +28.34% | Oct 31, 2024 |
| Raymond James | Raymond James | Strong Buy → Buy Downgrades $115 | Strong Buy → Buy | Downgrades | $115 | +18.07% | Oct 23, 2024 |
| Keybanc | Keybanc | Buy Maintains $99 → $116 | Buy | Maintains | $99 → $116 | +19.10% | Oct 8, 2024 |
| Benchmark | Benchmark | Strong Buy Maintains $68 → $101 | Strong Buy | Maintains | $68 → $101 | +3.70% | Aug 1, 2024 |
Financial Forecast
Revenue This Year
6.81B
from 5.44B
Increased by 25.19%
Revenue Next Year
7.41B
from 6.81B
Increased by 8.78%
EPS This Year
3.41
from 1.42
Increased by 140.02%
EPS Next Year
3.92
from 3.41
Increased by 14.93%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 7.2B | 7.9B | 8.8B |
| Avg | 6.8B | 7.4B | 8.0B |
| Low | 6.4B | 6.9B | 7.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 31.5% | 16.2% | 18.4% |
| Avg | 25.2% | 8.8% | 8.2% |
| Low | 17.3% | 1.1% | 1.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.68 | 4.46 | 5.03 |
| Avg | 3.41 | 3.92 | 4.52 |
| Low | 3.14 | 3.43 | 4.10 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 158.8% | 30.9% | 28.4% |
| Avg | 140.0% | 14.9% | 15.3% |
| Low | 120.8% | 0.6% | 4.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.