Critical Insights From Parsons Corp Analyst Ratings: What You Need To Know
Portfolio Pulse from Benzinga Insights
Recent analyst ratings for Parsons Corp (NYSE:PSN) show a positive trend, with an increase in bullish sentiments and a raised average 12-month price target to $79.5 from $72.33, indicating a 9.91% increase. Analysts from Baird, Truist Securities, and Keybanc have raised their price targets, reflecting optimism about the company's performance. Parsons Corp has demonstrated strong revenue growth and net margin, although it faces challenges in ROE and ROA, with a prudent debt management strategy.
February 15, 2024 | 4:00 pm
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POSITIVE IMPACT
Analyst ratings for Parsons Corp have become more bullish, with an increased average price target of $79.5, reflecting a positive outlook on the company's financial performance and market position.
The increase in bullish analyst ratings and the raised price target for Parsons Corp are indicative of the company's strong financial performance and positive market outlook. The recent updates from analysts at Baird, Truist Securities, and Keybanc, who have raised their price targets, contribute to a more optimistic view of the company's future stock performance. This is further supported by Parsons Corp's reported revenue growth and efficient cost management, despite facing challenges in ROE and ROA.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100