Key Takeaways:
- Parsons Corporation secures a substantial contract from the Defense Threat Reduction Agency, enhancing its cybersecurity operations.
- Analysts predict a potential upside of 17.82% for Parsons Corp (PSN, Financial) with a target price of $80.12.
- GuruFocus estimates suggest a 20.32% increase in value with a projected GF Value of $81.82.
Parsons Corporation (PSN) recently garnered a lucrative contract with the Defense Threat Reduction Agency worth up to $137 million. This strategic agreement emphasizes the company's role in advancing cyber operations, including activities such as cyber assessments and the enhancement of expertise.
Wall Street Analysts Forecast for Parsons Corp (PSN, Financial)
According to forecasts from nine reputable analysts, Parsons Corp (PSN, Financial) is anticipated to reach an average price target of $80.12 over the next year. This projection includes optimistic estimates as high as $95.00 and conservative figures down to $65.00, representing a promising 17.82% upside from the current stock price of $68.00. For further in-depth projections, visit the Parsons Corp (PSN) Forecast page.
Brokerage Recommendations
The consensus among 11 brokerage firms positions Parsons Corp (PSN, Financial) with an average recommendation of 2.5, categorizing it as an "Outperform." The brokerage rating scale ranges from 1, denoting a Strong Buy, to 5, indicating a Sell.
GuruFocus Value Estimations
An analysis by GuruFocus estimates Parsons Corp's (PSN, Financial) GF Value to potentially rise to $81.82 within one year, suggesting an enticing 20.32% upside from its current market price of $68. This GF Value represents GuruFocus's assessment of the stock's fair market value, calculated using its historical trading multiples, past business growth, and projected future performance. Investors can explore more detailed insights on the Parsons Corp (PSN) Summary page.
