Analyst Scoreboard: 7 Ratings For Parsons Corp
Portfolio Pulse from Benzinga Insights
Seven analysts have recently updated their ratings on Parsons Corp (NYSE:PSN), showing a mix of bullish and somewhat bullish perspectives. The average 12-month price target for PSN has been raised to $76.86, indicating a positive sentiment shift. Parsons Corp, a technology-driven solutions provider, has shown strong financial performance with a notable revenue growth rate of 35.46% and a net margin of 3.01%, although its ROE is below industry standards.
April 04, 2024 | 2:01 pm
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POSITIVE IMPACT
Parsons Corp has received updated ratings from seven analysts, with an increased average 12-month price target of $76.86. The company's strong financial performance, including a significant revenue growth, supports a positive outlook.
The positive shift in analyst ratings and the increase in the average price target for PSN reflect growing confidence in the company's financial health and market position. The strong revenue growth and above-average net margin indicate robust operational performance, which is likely to support the stock's short-term upward momentum. However, the below-industry ROE suggests areas for improvement that investors should monitor.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100