- Parsons (PSN, Financial) secures a $169.5 million contract with the US Army Corps of Engineers.
- Analysts predict a potential 14.88% upside for Parsons with a price target of $80.12.
- GuruFocus estimates suggest a 17.32% upside, positioning Parsons as an "Outperform" investment.
Parsons Corp (NYSE: PSN), a leader in the engineering and infrastructure sector, has recently clinched a significant $169.5 million contract from the US Army Corps of Engineers Norfolk District. This deal involves designing and building an Ammonium Nitrate Solution Tank Farm at the Holston Army Ammunition Plant, further cementing Parsons' role in modernizing the Army's industrial operations.
Wall Street Analysts Forecast
Currently, nine Wall Street analysts are setting their sights on Parsons Corp (PSN, Financial), with an average one-year price target of $80.12. The estimates span a high of $95.00 and a low of $65.00, indicating a potential upside of 14.88% from its recent pricing at $69.74. For a closer look at analyst insights, visit the Parsons Corp (PSN) Forecast page.
A consensus recommendation of "Outperform" is echoed by 11 brokerage firms, with an average recommendation score of 2.5 on a scale where 1 is a Strong Buy, and 5 represents Sell. This suggests a moderately optimistic outlook from market experts.
Moreover, GuruFocus's proprietary GF Value model predicts Parsons Corp (PSN, Financial) to reach a fair value of $81.82 within a year. This estimate supports the potential for a 17.32% increase from the current price, underlining the company's strong fundamentals and growth projections. The GF Value is derived by analyzing historical trading multiples and forecasting future business performance. More comprehensive data is available on the Parsons Corp (PSN) Summary page.
