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Parsons (PSN) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

PSN Stock Forecast

Parsons stock forecast is as follows: an average price target of $116.60 (represents a 21.86% upside from PSN’s last price of $95.68) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.

PSN Price Target

The average price target for Parsons (PSN) is $116.60 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $130.00 to $97.00. This represents a potential 21.86% upside from PSN's last price of $95.68.

PSN Analyst Ratings

Buy

According to 9 Wall Street analysts, Parsons's rating consensus is 'Buy'. The analyst rating breakdown for PSN stock is 1 'Strong Buy' (11.11%), 7 'Buy' (77.78%), 0 'Hold' (0.00%), 1 'Sell' (11.11%), and 0 'Strong Sell' (0.00%).

Parsons Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 31, 2024Andrew WittmannRobert W. Baird$125.00$110.0013.64%30.64%
Oct 30, 2024Tobey SommerTruist Financial$130.00$110.0018.18%35.87%
Oct 23, 2024Brian GesualeRaymond James$115.00$107.427.06%20.19%
Oct 08, 2024Sangita JainKeyBanc$116.00$106.099.34%21.24%
Jun 25, 2024Bert SubinStifel Nicolaus$97.00$79.4922.03%1.38%
May 01, 2024Brian GesualeRaymond James$95.00$77.6322.38%-0.71%
Apr 19, 2024Sangita JainKeyBanc$90.00$77.8015.68%-5.94%
Apr 09, 2024Tobey SommerTruist Financial$100.00$83.6919.49%4.52%
Jan 16, 2024Andrew WittmanRobert W. Baird$75.00$64.8815.60%-21.61%
Dec 21, 2022Andrew WittmannRobert W. Baird$50.00$46.547.43%-47.74%
Aug 04, 2022Morgan Stanley$40.00$41.48-3.57%-58.19%
Aug 04, 2022Raymond James$46.00$41.7210.26%-51.92%
Mar 04, 2022Brian GesualeRaymond James$43.00$35.9519.61%-55.06%

The latest Parsons stock forecast, released on Oct 31, 2024 by Andrew Wittmann from Robert W. Baird, set a price target of $125.00, which represents a 13.64% increase from the stock price at the time of the forecast ($110.00), and a 30.64% increase from PSN last price ($95.68).

Parsons Price Target by Period

1M3M12M
# Anlaysts-49
Avg Price Target-$121.50$104.78
Last Closing Price$95.68$95.68$95.68
Upside/Downside-100.00%26.99%9.51%

In the current month, the average price target of Parsons stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Parsons's last price of $95.68. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 31, 2024KeyBancOverweightOverweightHold
Oct 23, 2024Raymond JamesBuyOutperformDowngrade
Oct 08, 2024KeyBancOverweightOverweightHold
Aug 01, 2024BenchmarkBuyBuyHold
Aug 01, 2024KeyBancOverweightOverweightHold
Jun 25, 2024Raymond JamesBuyBuyHold
Jun 25, 2024Goldman SachsUnderperformUnderperformHold
May 03, 2024Cowen & Co.BuyUpgrade
May 01, 2024Truist FinancialStrong BuyStrong BuyHold
May 01, 2024Raymond JamesUnderperformUnderperformHold
May 01, 2024Raymond JamesOutperformStrong BuyUpgrade
Apr 19, 2024KeyBancOverweightOverweightHold
Apr 04, 2024BenchmarkUnderperformUnderperformHold
Apr 04, 2024Goldman SachsBuyBuyHold
Aug 14, 2023HSBCBuyInitialise
Aug 14, 2023Bank of America SecuritiesBuyUpgrade
Mar 28, 2023William BlairOutperformUpgrade
Jan 03, 2023Morgan StanleyEqual-WeightUnderweightDowngrade
Aug 04, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Aug 04, 2022Raymond JamesOutperformOutperformHold
Mar 04, 2022Raymond JamesOutperformInitialise

Parsons's last stock rating was published by KeyBanc on Oct 31, 2024. The company gave PSN a "Overweight" rating, the same as its previous rate.

Parsons Financial Forecast

Parsons Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$1.49B$1.42B$1.36B$1.17B$1.10B$1.13B$1.01B$949.07M$950.67M$956.05M$879.36M$874.70M$964.26M$1.00B$979.46M$970.99M$1.04B$1.02B
Avg Forecast$2.08B$2.14B$1.97B$1.83B$1.90B$1.96B$1.83B$1.70B$1.76B$1.64B$1.56B$1.38B$1.32B$1.27B$1.13B$1.06B$1.07B$1.05B$930.97M$885.54M$944.21M$958.95M$982.25M$902.68M$1.04B$1.02B$987.97M$921.57M$1.02B$1.03B
High Forecast$2.15B$2.21B$2.04B$1.89B$1.96B$2.03B$1.89B$1.76B$1.84B$1.64B$1.56B$1.38B$1.35B$1.35B$1.17B$1.10B$1.11B$1.05B$930.97M$885.54M$944.21M$958.95M$982.25M$902.68M$1.04B$1.02B$987.97M$921.57M$1.02B$1.03B
Low Forecast$2.01B$2.07B$1.91B$1.77B$1.84B$1.90B$1.77B$1.65B$1.69B$1.64B$1.55B$1.38B$1.31B$1.20B$1.09B$1.03B$1.04B$1.05B$930.97M$885.54M$944.21M$958.95M$982.25M$902.68M$1.04B$1.02B$987.97M$921.57M$1.02B$1.03B
# Analysts111111137344596437434744464474
Surprise %------------1.13%1.12%1.20%1.11%1.03%1.08%1.08%1.07%1.01%1.00%0.90%0.97%0.93%0.99%0.99%1.05%1.02%0.99%

Parsons's average Quarter revenue forecast for Mar 24 based on 4 analysts is $1.38B, with a low forecast of $1.38B, and a high forecast of $1.38B. PSN's average Quarter revenue forecast represents a -7.87% decrease compared to the company's last Quarter revenue of $1.49B (Dec 23).

Parsons EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111137344596437434744464474
EBITDA------------$77.44M$83.34M$76.44M$81.60M$56.76M$93.29M$63.62M$66.41M$76.09M$69.81M$50.09M$53.63M$70.95M$93.10M$71.43M$54.49M$48.06M$77.30M
Avg Forecast$149.35M$153.49M$141.42M$131.44M$136.19M$140.85M$131.17M$121.99M$126.25M$117.56M$111.87M$72.48M$95.00M$90.88M$81.07M$65.90M$80.54M$75.37M$66.88M$59.90M$67.83M$68.89M$70.56M$75.08M$74.68M$73.23M$70.97M$74.47M$73.02M$73.98M
High Forecast$154.53M$158.82M$146.33M$136.00M$140.92M$145.74M$135.72M$126.34M$132.13M$117.61M$112.39M$86.98M$97.18M$96.82M$83.88M$79.07M$96.65M$75.37M$66.88M$71.89M$67.83M$68.89M$70.56M$90.10M$74.68M$73.23M$70.97M$89.36M$73.02M$73.98M
Low Forecast$144.57M$148.59M$136.90M$127.24M$131.84M$136.35M$126.98M$118.36M$121.12M$117.52M$111.36M$57.99M$94.28M$86.20M$78.48M$52.72M$64.44M$75.37M$66.88M$47.92M$67.83M$68.89M$70.56M$60.06M$74.68M$73.23M$70.97M$59.57M$73.02M$73.98M
Surprise %------------0.82%0.92%0.94%1.24%0.70%1.24%0.95%1.11%1.12%1.01%0.71%0.71%0.95%1.27%1.01%0.73%0.66%1.04%

4 analysts predict PSN's average Quarter EBITDA for Mar 24 to be $72.48M, with a high of $86.98M and a low of $57.99M. This is -6.40% lower than Parsons's previous annual EBITDA (Dec 23) of $77.44M.

Parsons Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111137344596437434744464474
Net Income------------$44.91M$47.45M$43.24M$35.28M$28.13M$43.59M$18.30M$20.67M$36.14M$19.36M$6.70M$9.04M$21.61M$40.66M$23.30M$12.97M$13.72M$56.81M
Avg Forecast$136.64M$132.19M$109.98M$98.87M$123.08M$124.23M$105.16M$92.57M$100.87M$88.98M$79.32M$23.69M$69.78M$68.38M$56.21M$21.54M$30.67M$55.88M$45.44M$19.58M$59.05M$53.97M$56.55M$12.65M$63.00M$57.06M$47.19M$17.73M$44.84M$36.95M
High Forecast$142.80M$138.16M$114.94M$103.33M$128.64M$129.84M$109.91M$99.78M$111.83M$89.09M$80.43M$28.43M$84.18M$78.31M$58.74M$25.84M$36.80M$55.88M$45.44M$23.50M$59.05M$53.97M$56.55M$15.19M$63.00M$57.06M$47.19M$21.28M$44.84M$36.95M
Low Forecast$130.96M$126.70M$105.41M$94.76M$117.97M$119.07M$100.79M$84.16M$87.71M$88.87M$78.20M$18.95M$64.24M$58.45M$53.87M$17.23M$24.53M$55.88M$45.44M$15.66M$59.05M$53.97M$56.55M$10.12M$63.00M$57.06M$47.19M$14.18M$44.84M$36.95M
Surprise %------------0.64%0.69%0.77%1.64%0.92%0.78%0.40%1.06%0.61%0.36%0.12%0.71%0.34%0.71%0.49%0.73%0.31%1.54%

Parsons's average Quarter net income forecast for Mar 24 is $23.69M, with a range of $18.95M to $28.43M. PSN's average Quarter net income forecast represents a -47.25% decrease compared to the company's last Quarter net income of $44.91M (Dec 23).

Parsons SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111137344596437434744464474
SG&A------------$237.51M$221.19M$211.90M$199.31M$195.43M$196.96M$199.93M$185.08M$190.25M$191.23M$188.24M$187.52M$191.75M$165.94M$187.64M$183.77M$199.98M$178.55M
Avg Forecast$389.03M$399.83M$368.39M$342.40M$354.76M$366.90M$341.68M$317.76M$328.88M$306.23M$291.42M$212.16M$247.47M$236.73M$211.18M$192.87M$201.37M$196.33M$174.21M$175.34M$176.68M$179.44M$183.80M$262.53M$194.54M$190.75M$184.87M$251.16M$190.20M$192.70M
High Forecast$402.53M$413.71M$381.17M$354.28M$367.07M$379.64M$353.53M$329.11M$344.17M$306.35M$292.76M$254.59M$253.13M$252.21M$218.50M$231.44M$241.65M$196.33M$174.21M$210.40M$176.68M$179.44M$183.80M$315.04M$194.54M$190.75M$184.87M$301.39M$190.20M$192.70M
Low Forecast$376.60M$387.06M$356.62M$331.46M$343.43M$355.18M$330.76M$308.31M$315.49M$306.11M$290.08M$169.73M$245.58M$224.55M$204.43M$154.30M$161.10M$196.33M$174.21M$140.27M$176.68M$179.44M$183.80M$210.02M$194.54M$190.75M$184.87M$200.93M$190.20M$192.70M
Surprise %------------0.96%0.93%1.00%1.03%0.97%1.00%1.15%1.06%1.08%1.07%1.02%0.71%0.99%0.87%1.01%0.73%1.05%0.93%

Parsons's average Quarter SG&A projection for Mar 24 is $212.16M, based on 4 Wall Street analysts, with a range of $169.73M to $254.59M. The forecast indicates a -10.68% fall compared to PSN last annual SG&A of $237.51M (Dec 23).

Parsons EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111137344596437434744464474
EPS------------$0.43$0.45$0.41$0.34$0.27$0.42$0.18$0.20$0.35$0.19$0.07$0.09$0.21$0.40$0.23$0.13$0.14$0.57
Avg Forecast$1.23$1.19$0.99$0.89$1.11$1.12$0.95$0.83$0.91$0.80$0.71$0.63$0.63$0.62$0.51$0.43$0.54$0.51$0.41$0.37$0.53$0.49$0.51$0.29$0.57$0.52$0.43$0.43$0.41$0.33
High Forecast$1.29$1.24$1.03$0.93$1.16$1.17$0.99$0.90$1.01$0.80$0.72$0.63$0.76$0.70$0.53$0.45$0.57$0.51$0.41$0.37$0.53$0.49$0.51$0.29$0.57$0.52$0.43$0.43$0.41$0.33
Low Forecast$1.18$1.14$0.95$0.85$1.06$1.07$0.91$0.76$0.79$0.80$0.70$0.62$0.58$0.53$0.48$0.41$0.52$0.51$0.41$0.37$0.53$0.49$0.51$0.29$0.57$0.52$0.43$0.43$0.41$0.33
Surprise %------------0.68%0.73%0.81%0.80%0.50%0.83%0.44%0.54%0.66%0.39%0.14%0.31%0.37%0.77%0.54%0.30%0.35%1.71%

According to 4 Wall Street analysts, Parsons's projected average Quarter EPS for Mar 24 is $0.63, with a low estimate of $0.62 and a high estimate of $0.63. This represents a 45.74% increase compared to PSN previous annual EPS of $0.43 (Dec 23).

Parsons Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CLVTClarivate$5.45$14.33162.94%Buy
NABLN-able$10.02$17.0069.66%Buy
CACICACI$415.14$525.1426.50%Buy
LDOSLeidos$150.14$187.3324.77%Buy
WNSWNS$47.84$58.3321.93%Buy
PSNParsons$96.33$116.6021.04%Buy
SAICScience Applications$114.38$135.2518.25%Buy
ASGNASGN$87.17$88.000.95%Buy
GGenpact$43.27$43.670.92%Hold
EXLSExlService$45.59$39.00-14.45%Buy

PSN Forecast FAQ

Is Parsons a good buy?

Yes, according to 9 Wall Street analysts, Parsons (PSN) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 7 'Buy' recommendations, accounting for 88.89% of PSN's total ratings.

What is PSN's price target?

Parsons (PSN) average price target is $116.6 with a range of $97 to $130, implying a 21.86% from its last price of $95.68. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Parsons stock go up soon?

According to Wall Street analysts' prediction for PSN stock, the company can go up by 21.86% (from the last price of $95.68 to the average price target of $116.6), up by 35.87% based on the highest stock price target, and up by 1.38% based on the lowest stock price target.

Can Parsons stock reach $140?

PSN's average twelve months analyst stock price target of $116.6 does not support the claim that Parsons can reach $140 in the near future.

What are Parsons's analysts' financial forecasts?

Parsons's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $7.38B (high $7.64B, low $7.15B), average EBITDA is $530.2M (high $548.72M, low $513.52M), average net income is $445.05M (high $468.16M, low $421.99M), average SG&A $1.38B (high $1.43B, low $1.34B), and average EPS is $4.01 (high $4.21, low $3.8). PSN's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $8.01B (high $8.29B, low $7.76B), average EBITDA is $575.71M (high $595.68M, low $557.31M), average net income is $477.67M (high $499.22M, low $457.83M), average SG&A $1.5B (high $1.55B, low $1.45B), and average EPS is $4.3 (high $4.49, low $4.12).

Did the PSN's actual financial results beat the analysts' financial forecasts?

Based on Parsons's last annual report (Dec 2023), the company's revenue was $100K, which missed the average analysts forecast of $4.78B by -100.00%. Apple's EBITDA was $5.3K, missing the average prediction of $332.85M by -100.00%. The company's net income was $3K, missing the average estimation of $215.91M by -100.00%. Apple's SG&A was $16K, missing the average forecast of $888.25M by -100.00%. Lastly, the company's EPS was $0, missing the average prediction of $2.18 by -100.00%. In terms of the last quarterly report (Dec 2023), Parsons's revenue was $1.49B, beating the average analysts' forecast of $1.32B by 12.99%. The company's EBITDA was $77.44M, missing the average prediction of $95M by -18.48%. Parsons's net income was $44.91M, missing the average estimation of $69.78M by -35.65%. The company's SG&A was $237.51M, missing the average forecast of $247.47M by -4.02%. Lastly, the company's EPS was $0.43, missing the average prediction of $0.628 by -31.55%