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Parsons Corp has a consensus price target of $94.83 based on the ratings of 13 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 Goldman Sachs, Truist Securities, and Keybanc on December 12, 2024, November 22, 2024, and October 31, 2024, respectively. With an average price target of $114.33 between Goldman Sachs, Truist Securities, and Keybanc, there's an implied 22.02% 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 Goldman Sachs on December 12, 2024. The analyst firm set a price target for $111.00 expecting PSN to rise to within 12 months (a possible 18.46% upside). 24 analyst firms have reported ratings in the last year.
The latest analyst rating for Parsons (NYSE:PSN) was provided by Goldman Sachs, and Parsons upgraded their buy rating.
The last upgrade for Parsons Corp happened on December 12, 2024 when Goldman Sachs raised their price target to $111. Goldman Sachs previously had a neutral 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 December 12, 2024 so you should expect the next rating to be made available sometime around December 12, 2025.
While ratings are subjective and will change, the latest Parsons (PSN) rating was a upgraded with a price target of $103.00 to $111.00. The current price Parsons (PSN) is trading at is $93.70, which is out of the analyst’s predicted range.
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