Parsons Corporation (PSN)
NYSE: PSN · IEX Real-Time Price · USD
76.82
+0.51 (0.67%)
Jun 17, 2024, 4:00 PM EDT - Market closed

Parsons Stock Forecast

Stock Price Forecast

The 10 analysts with 12-month price forecasts for Parsons stock have an average target of 83.1, with a low estimate of 65 and a high estimate of 100. The average target predicts an increase of 8.17% from the current stock price of 76.82.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $65 $83.1 $89 $100
Change -15.39% +8.17% +15.86% +30.17%
* Price targets were last updated on May 3, 2024.

Analyst Ratings

The average analyst rating for Parsons stock from 10 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 Jan '24Feb '24Mar '24Apr '24May '24Jun '24
Strong Buy 555577
Buy 444322
Hold 011111
Sell 111110
Strong Sell 000000
Total 101111101110

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
TD Cowen
TD Cowen
Strong Buy
Upgrades
$77$90
Strong Buy Upgrades $77$90 +17.16% May 3, 2024
Baird
Baird
Buy
Maintains
$85$89
Buy Maintains $85$89 +15.86% May 2, 2024
Raymond James
Raymond James
Strong Buy
Upgrades
$82$95
Strong Buy Upgrades $82$95 +23.67% May 1, 2024
Keybanc
Keybanc
Buy
Maintains
$89$90
Buy Maintains $89$90 +17.16% Apr 19, 2024
Goldman Sachs
Goldman Sachs
Hold
Maintains
$73$81
Hold Maintains $73$81 +5.44% Apr 16, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
6.40B
from 5.44B
Increased by 17.53%
Revenue Next Year
6.84B
from 6.40B
Increased by 6.89%
EPS This Year
3.02
from 1.42
Increased by 113.02%
EPS Next Year
3.48
from 3.02
Increased by 14.92%
Year 20192020202120222023202420252026
Revenue
3.95B3.92B3.66B4.20B5.44B6.40B6.84B7.27B
Revenue Growth
11.07%-0.91%-6.59%14.60%29.74%17.53%6.89%6.29%
EPS
1.300.970.590.871.423.023.484.39
EPS Growth
-53.24%-25.38%-39.18%47.46%63.22%113.02%14.92%26.23%
Forward PE
-----25.4022.1017.51
No. Analysts -----11113
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 6.7B 7.4B 7.6B
Avg 6.4B 6.8B 7.3B
Low 6.1B 6.4B 7.0B

Revenue Growth

Revenue Growth 202420252026
High
23.8%
15.3%
11.7%
Avg
17.5%
6.9%
6.3%
Low
12.5%
0.6%
1.7%

EPS Forecast

EPS 202420252026
High 3.65 4.33 4.71
Avg 3.02 3.48 4.39
Low 2.71 3.14 4.12

EPS Growth

EPS Growth 202420252026
High
157.3%
43.0%
35.6%
Avg
113.0%
14.9%
26.2%
Low
91.2%
3.7%
18.4%
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.