Parsons Still Has Room For More Double-Digit Growth
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Parsons Corporation's stock has surged 78% in the past year, with analysts projecting further growth. The company has a one-year price target of $132.62 and is expected to see double-digit earnings growth through 2026, supported by strong Q3 results and rising free cash flow.
November 05, 2024 | 5:30 pm
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Parsons Corporation's stock has increased by 78% over the past year, with a projected price target of $132.62. Analysts foresee continued double-digit earnings growth through 2026, bolstered by strong Q3 results and rising free cash flow.
The article highlights Parsons' strong financial performance, including record net income and cash flow, which supports its growth stock status. The projected price target and expected earnings growth indicate a positive outlook for the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100