- Parsons Corporation (PSN, Financial) secures a significant $97 billion in contracts, driving a 2.3% stock increase.
- Current analyst consensus indicates an "Outperform" rating, with a notable potential upside in stock value.
- GuruFocus projects a 27.77% upside in one year with a fair value estimation of $85.83.
In a strategic move that underscores its role in major global projects, Parsons Corporation (PSN) has experienced a noteworthy 2.3% stock price increase. This gain follows the announcement that the company has won 30 significant projects in Qatar, valued at up to $97 billion. These projects form part of a much larger $243.5 billion agreement, which spans key sectors such as aerospace and defense. This development is not only expected to boost Parsons' market position but also promote growth and job creation within the United States.
Wall Street Analysts' Predictions
According to insights from nine analysts, the one-year average price target for Parsons Corp (PSN, Financial) is set at $80.23. Analysts have provided a high estimate of $100.00 and a low of $65.00, which suggests an average potential upside of 19.44% from the current trading price of $67.18. For more comprehensive projections, investors can visit the Parsons Corp (PSN) Forecast page.
With an "Outperform" status, Parsons Corp (PSN, Financial) holds an average brokerage recommendation of 2.5, based on consensus from 11 brokerage firms. The rating system ranges from 1, indicating a "Strong Buy," to 5, denoting a "Sell" recommendation.
GuruFocus Valuation Insights
GuruFocus offers a proprietary estimate known as the GF Value. For Parsons Corp (PSN, Financial), the projected GF Value over the next year is $85.83. This value predicts a potential 27.77% increase from the current price of $67.175. The GF Value represents the fair price at which the stock should trade, calculated through historical multiples, past business growth metrics, and future business performance forecasts. For further details, investors can explore the Parsons Corp (PSN) Summary page.
