The Analyst Landscape: 5 Takes On Parsons Corp
Portfolio Pulse from Benzinga Insights
In the last three months, 5 analysts have updated their ratings on Parsons Corp (NYSE:PSN), with 3 bullish and 2 somewhat bullish ratings. The average 12-month price target is now $74.00, up from the previous $68.25, with the highest at $80.00 and the lowest at $69.00. Parsons Corp has shown a revenue growth of 25.05% as of September 30, 2023, a net margin of 3.34%, and an ROA of 1.03%, but a lower-than-average ROE of 2.21%. The company's debt-to-equity ratio is 0.46, indicating a sound financial structure.
January 10, 2024 | 1:01 pm
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POSITIVE IMPACT
Parsons Corp has received positive analyst ratings with an increased average price target of $74.00. The company's strong revenue growth and financial health indicators may positively influence its stock price in the short term.
The unanimous bullish sentiment from analysts, coupled with an increased average price target, suggests confidence in Parsons Corp's future performance. The company's strong revenue growth and solid financial metrics, such as net margin and ROA, support this positive outlook. However, the below-average ROE may be a point of concern for some investors. The recent updates in analyst ratings and price targets are likely to have a favorable impact on PSN's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100