Parsons Corporation (PSN)
NYSE: PSN · IEX Real-Time Price · USD
77.49
-0.31 (-0.40%)
At close: Apr 19, 2024, 4:00 PM
77.45
-0.04 (-0.05%)
After-hours: Apr 19, 2024, 7:57 PM EDT
Parsons Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Parsons stock have an average target of 75.2, with a low estimate of 41 and a high estimate of 100. The average target predicts a decrease of -2.96% from the current stock price of 77.49.
Analyst Consensus: Strong Buy
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 5 | 5 |
| Buy | 2 | 2 | 4 | 4 | 4 | 3 |
| Hold | 1 | 1 | 0 | 1 | 1 | 1 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 9 | 10 | 11 | 11 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keybanc | Keybanc | Buy Maintains $89 → $90 | Buy | Maintains | $89 → $90 | +16.14% | Apr 19, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $73 → $81 | Hold | Maintains | $73 → $81 | +4.53% | Apr 16, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $84 → $100 | Strong Buy | Maintains | $84 → $100 | +29.05% | Apr 9, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $68 | Strong Buy | Reiterates | $68 | -12.25% | Apr 4, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $65 → $73 | Hold | Maintains | $65 → $73 | -5.79% | Feb 20, 2024 |
Financial Forecast
Revenue This Year
6.01B
from 5.44B
Increased by 10.35%
Revenue Next Year
6.36B
from 6.01B
Increased by 5.81%
EPS This Year
2.88
from 1.42
Increased by 103.14%
EPS Next Year
3.24
from 2.88
Increased by 12.29%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 6.3B | 6.7B | 7.2B |
| Avg | 6.0B | 6.4B | 6.8B |
| Low | 5.8B | 6.1B | 6.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 16.6% | 11.8% | 13.0% |
| Avg | 10.3% | 5.8% | 6.5% |
| Low | 6.1% | 1.0% | 2.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.57 | 3.90 | 4.18 |
| Avg | 2.88 | 3.24 | 3.80 |
| Low | 2.65 | 2.89 | 3.48 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 151.4% | 35.0% | 29.0% |
| Avg | 103.1% | 12.3% | 17.4% |
| Low | 86.3% | 0.2% | 7.4% |
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.