Parsons (PSN) Stock Forecast & Price Target

$110.67 -0.71 (-0.64%)

(As of 11/6/2024 ET)

Parsons - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 9 Analyst Ratings

Sell
0

Hold
1

Buy
8

Based on 9 Wall Street analysts who have issued ratings for Parsons in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 9 analysts, 1 has given a hold rating, and 8 have given a buy rating for PSN.

Consensus Price Target

$102.11
-7.73% Downside

According to the 9 analysts' twelve-month price targets for Parsons, the average price target is $102.11. The highest price target for PSN is $125.00, while the lowest price target for PSN is $80.00. The average price target represents a forecasted downside of -7.73% from the current price of $110.67.

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PSN Analyst Ratings Over Time

Type	Current Forecast 11/8/23 to 11/7/24	1 Month Ago 10/9/23 to 10/8/24	3 Months Ago 8/10/23 to 8/9/24	1 Year Ago 11/8/22 to 11/8/23
Strong Buy	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	7 Buy rating(s)	8 Buy rating(s)	5 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$102.11	$96.78	$91.70	$56.75
Forecasted Upside	-7.73% Downside	-9.43% Downside	-1.20% Downside	-7.57% Downside
Consensus Rating	Moderate Buy	Buy	Buy	Moderate Buy

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PSN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PSN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Parsons Stock vs. The Competition

Type	Parsons	Business Services Companies	S&P 500
Consensus Rating Score	2.89	2.67	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	-7.73% Downside	337.34% Upside	7.35% Upside
News Sentiment Rating	Neutral News See Recent PSN News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/31/2024	KeyCorp 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$116.00 ➝ $122.00	+12.21%
10/31/2024	Robert W. Baird 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$103.00 ➝ $125.00	+13.64%
10/23/2024	Raymond James 4 of 5 stars	B. Gesuale Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Outperform	$115.00 ➝ $115.00	+7.06%
8/1/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$68.00 ➝ $101.00	+14.10%
8/1/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$100.00 ➝ $108.00	+19.91%
6/25/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$95.00 ➝ $97.00	+22.04%
Get the Latest News and Ratings for PSN and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Parsons and its competitors with MarketBeat's FREE daily newsletter.
5/3/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$77.00 ➝ $90.00	+16.43%
4/16/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$73.00 ➝ $81.00	+2.79%
11/16/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$75.00 ➝ $80.00	+28.06%
8/14/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Buy	$46.00 ➝ $65.00	+18.79%
3/27/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Dipalma Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform
2/16/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight	$40.00 ➝ $39.00	-13.06%
11/16/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$51.00	+5.83%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:50 AM ET.

PSN Forecast - Frequently Asked Questions

: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Parsons is $102.11, with a high forecast of $125.00 and a low forecast of $80.00.
: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Parsons in the last twelve months. There is currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PSN shares.
: According to analysts, Parsons's stock has a predicted downside of -7.73% based on their 12-month stock forecasts.
: Over the previous 90 days, Parsons's stock had 1 downgrade by analysts.
: Parsons has been rated by research analysts at KeyCorp, Raymond James, and Robert W. Baird in the past 90 days.
: Analysts like Parsons more than other "business services" companies. The consensus rating score for Parsons is 2.89 while the average consensus rating score for "business services" companies is 2.67. Learn more on how PSN compares to other companies.

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The AI boom is just getting started. And the real wealth has still to be made…

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This page (NYSE:PSN) was last updated on 11/7/2024 by MarketBeat.com Staff

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Parsons (PSN) Stock Forecast & Price Target