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Parsons Corp has a consensus price target of $93.36 based on the ratings of 12 analysts. The high is $125 issued by Baird on October 31, 2024. The low is $41 issued by Morgan Stanley on May 16, 2023. The 3 most-recent analyst ratings were released by Truist Securities, Keybanc, and Baird on November 22, 2024, October 31, 2024, and October 31, 2024, respectively. With an average price target of $119 between Truist Securities, Keybanc, and Baird, there's an implied 20.14% upside for Parsons Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Parsons (NYSE:PSN) was reported by Truist Securities on November 22, 2024. The analyst firm set a price target for $110.00 expecting PSN to rise to within 12 months (a possible 11.06% upside). 23 analyst firms have reported ratings in the last year.
The latest analyst rating for Parsons (NYSE:PSN) was provided by Truist Securities, and Parsons maintained their buy rating.
The last upgrade for Parsons Corp happened on May 3, 2024 when TD Cowen raised their price target to $90. TD Cowen previously had a hold for Parsons Corp.
The last downgrade for Parsons Corp happened on October 23, 2024 when Raymond James changed their price target from $115 to $115 for Parsons Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Parsons, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Parsons was filed on November 22, 2024 so you should expect the next rating to be made available sometime around November 22, 2025.
While ratings are subjective and will change, the latest Parsons (PSN) rating was a maintained with a price target of $130.00 to $110.00. The current price Parsons (PSN) is trading at is $99.05, which is out of the analyst’s predicted range.
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