Parsons Corporation (PSN)
NYSE: PSN · Real-Time Price · USD
95.68
+0.58 (0.61%)
Dec 20, 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 10.56% from the current stock price of 95.68.
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 | +16.01% | Dec 12, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $130 → $110 | Strong Buy | Maintains | $130 → $110 | +14.97% | Nov 22, 2024 |
| Keybanc | Keybanc | Buy Maintains $116 → $122 | Buy | Maintains | $116 → $122 | +27.51% | Oct 31, 2024 |
| Baird | Baird | Buy Maintains $103 → $125 | Buy | Maintains | $103 → $125 | +30.64% | Oct 31, 2024 |
| Raymond James | Raymond James | Strong Buy → Buy Downgrades $115 | Strong Buy → Buy | Downgrades | $115 | +20.19% | Oct 23, 2024 |
Financial Forecast
Revenue This Year
6.84B
from 5.44B
Increased by 25.67%
Revenue Next Year
7.45B
from 6.84B
Increased by 8.98%
EPS This Year
3.43
from 1.42
Increased by 141.44%
EPS Next Year
3.93
from 3.43
Increased by 14.70%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 7.2B | 7.9B | 8.8B |
| Avg | 6.8B | 7.5B | 8.0B |
| Low | 6.6B | 7.0B | 7.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 31.5% | 15.7% | 17.7% |
| Avg | 25.7% | 9.0% | 7.6% |
| Low | 21.3% | 2.3% | 0.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.68 | 4.46 | 5.03 |
| Avg | 3.43 | 3.93 | 4.52 |
| Low | 3.20 | 3.52 | 4.10 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 158.8% | 30.1% | 27.9% |
| Avg | 141.4% | 14.7% | 14.9% |
| Low | 125.6% | 2.6% | 4.2% |
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.