What Analysts Are Saying About Parsons Corp Stock
Portfolio Pulse from Benzinga Insights
Analysts have mixed views on Parsons Corp (NYSE:PSN), with recent ratings showing a blend of bullish and bearish sentiments. The average 12-month price target for PSN has risen to $83.89, indicating an 8.95% increase from the previous target. The company's financials show strong revenue growth and net margin, but below-average ROE and ROA. Parsons Corp operates in defense, intelligence, and critical infrastructure, with a solid market capitalization and a low debt-to-equity ratio.
May 01, 2024 | 9:00 pm
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Parsons Corp has received mixed analyst ratings, with an updated average 12-month price target of $83.89, reflecting an 8.95% increase. The company's strong revenue growth and net margin are positive, but it faces challenges with ROE and ROA.
The mixed analyst ratings with a majority leaning towards bullish sentiments, combined with the significant increase in the average 12-month price target, suggest a positive short-term outlook for PSN. The company's strong financial performance, particularly in revenue growth and net margin, supports this positive view. However, the below-average ROE and ROA indicate potential areas of concern that could temper investor enthusiasm. The overall positive analyst sentiment, backed by solid financials, is likely to drive short-term interest and potentially uplift PSN's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100