Parsons Corporation (PSN)
NYSE: PSN · IEX Real-Time Price · USD
76.52
-1.23 (-1.58%)
Jul 26, 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 85.5, with a low estimate of 65 and a high estimate of 100. The average target predicts an increase of 11.74% from the current stock price of 76.52.
Analyst Consensus: Strong Buy
* Price targets were last updated on Jun 25, 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
---|---|---|---|---|---|---|
Strong Buy | 5 | 5 | 5 | 7 | 7 | 7 |
Buy | 4 | 4 | 3 | 2 | 2 | 2 |
Hold | 1 | 1 | 1 | 1 | 1 | 1 |
Sell | 1 | 1 | 1 | 1 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 11 | 11 | 10 | 11 | 10 | 10 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Stifel | Stifel | Strong Buy Maintains $95 → $97 | Strong Buy | Maintains | $95 → $97 | +26.76% | Jun 25, 2024 |
TD Cowen | TD Cowen | Hold → Strong Buy Upgrades $77 → $90 | Hold → Strong Buy | Upgrades | $77 → $90 | +17.62% | May 3, 2024 |
Baird | Baird | Buy Maintains $85 → $89 | Buy | Maintains | $85 → $89 | +16.31% | May 2, 2024 |
Raymond James | Raymond James | Buy → Strong Buy Upgrades $82 → $95 | Buy → Strong Buy | Upgrades | $82 → $95 | +24.15% | May 1, 2024 |
Keybanc | Keybanc | Buy Maintains $89 → $90 | Buy | Maintains | $89 → $90 | +17.62% | Apr 19, 2024 |
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%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 |
---|---|---|---|
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 | 2024 | 2025 | 2026 |
---|---|---|---|
High | 23.8% | 15.3% | 11.7% |
Avg | 17.5% | 6.9% | 6.3% |
Low | 12.5% | 0.6% | 1.7% |
EPS Forecast
EPS | 2024 | 2025 | 2026 |
---|---|---|---|
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 | 2024 | 2025 | 2026 |
---|---|---|---|
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.