Cracking The Code: Understanding Analyst Reviews For Parsons Corp
Portfolio Pulse from Benzinga Insights
In the last three months, 5 analysts have published ratings on Parsons Corp (NYSE:PSN), with a mix of bullish and somewhat bullish perspectives. The average 12-month price target has increased by 14.48% to $101.2. Analysts have raised their ratings and price targets, reflecting positive sentiment towards the company. Despite strong revenue growth, Parsons Corp faces challenges with net margin, ROE, and ROA being below industry averages.
August 01, 2024 | 9:01 pm
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Analysts have shown increased bullish sentiment towards Parsons Corp (NYSE:PSN) with raised ratings and price targets. The average 12-month price target has increased by 14.48% to $101.2. Despite strong revenue growth, the company faces challenges with net margin, ROE, and ROA being below industry averages.
The increase in average price target and the positive sentiment from multiple analysts suggest a likely short-term price increase for Parsons Corp. However, the company's below-average profitability metrics may temper the extent of this positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100