Parsons Corporation (PSN)
NYSE: PSN · IEX Real-Time Price · USD
76.15
-0.53 (-0.69%)
May 31, 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 9.13% from the current stock price of 76.15.
Analyst Consensus: Strong Buy
* 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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 5 | 7 |
| Buy | 2 | 4 | 4 | 4 | 3 | 2 |
| Hold | 1 | 0 | 1 | 1 | 1 | 1 |
| Sell | 1 | 1 | 1 | 1 | 1 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 10 | 11 | 11 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Cowen | TD Cowen | Hold → Strong Buy Upgrades $77 → $90 | Hold → Strong Buy | Upgrades | $77 → $90 | +18.19% | May 3, 2024 |
| Baird | Baird | Buy Maintains $85 → $89 | Buy | Maintains | $85 → $89 | +16.87% | May 2, 2024 |
| Raymond James | Raymond James | Buy → Strong Buy Upgrades $82 → $95 | Buy → Strong Buy | Upgrades | $82 → $95 | +24.75% | May 1, 2024 |
| Keybanc | Keybanc | Buy Maintains $89 → $90 | Buy | Maintains | $89 → $90 | +18.19% | Apr 19, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $73 → $81 | Hold | Maintains | $73 → $81 | +6.37% | Apr 16, 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.