Parsons Corporation (PSN)
NYSE: PSN · Real-Time Price · USD
93.13
-0.70 (-0.75%)
Dec 27, 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 105.78, with a low estimate of 81 and a high estimate of 125. The average target predicts an increase of 13.58% from the current stock price of 93.13.
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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 7 | 5 | 4 | 5 |
| Buy | 2 | 2 | 2 | 3 | 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 | 9 | 8 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Hold → Strong Buy Upgrades $103 → $111 | Hold → Strong Buy | Upgrades | $103 → $111 | +19.19% | Dec 12, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $130 → $110 | Strong Buy | Maintains | $130 → $110 | +18.11% | Nov 22, 2024 |
| Keybanc | Keybanc | Buy Maintains $116 → $122 | Buy | Maintains | $116 → $122 | +31.00% | Oct 31, 2024 |
| Baird | Baird | Buy Maintains $103 → $125 | Buy | Maintains | $103 → $125 | +34.22% | Oct 31, 2024 |
| Raymond James | Raymond James | Strong Buy → Buy Downgrades $115 | Strong Buy → Buy | Downgrades | $115 | +23.48% | Oct 23, 2024 |
Financial Forecast
Revenue This Year
6.84B
from 5.44B
Increased by 25.71%
Revenue Next Year
7.47B
from 6.84B
Increased by 9.12%
EPS This Year
3.43
from 1.42
Increased by 141.51%
EPS Next Year
3.94
from 3.43
Increased by 14.87%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 7.2B | 8.0B | 8.8B |
| Avg | 6.8B | 7.5B | 8.1B |
| Low | 6.6B | 7.0B | 7.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 31.5% | 16.6% | 17.6% |
| Avg | 25.7% | 9.1% | 7.9% |
| Low | 21.3% | 2.3% | 0.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.69 | 4.54 | 5.16 |
| Avg | 3.43 | 3.94 | 4.55 |
| Low | 3.20 | 3.52 | 4.10 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 159.5% | 32.2% | 30.8% |
| Avg | 141.5% | 14.9% | 15.4% |
| Low | 125.6% | 2.6% | 4.0% |
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.