KeyBanc analyst Sangita Jain maintains $Parsons (PSN.US)$ with a buy rating, and adjusts the target price from $122 to $102.
According to TipRanks data, the analyst has a success rate of 61.4% and a total average return of 9.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Parsons (PSN.US)$'s main analysts recently are as follows:
The December quarter results for the government services group are expected to align with 'mixed' bookings and the 2025 outlooks are anticipated to match Street estimates. The fourth quarter is seen as a period of low discovery compared to the overarching sector issue, which involves the Department of Government Efficiency under the current administration. Although the fundamental impact of this department may be minor, its full effects are yet undetermined, and the prevailing rhetoric is viewed negatively. This situation is likely to limit the potential for an upward re-rating of the group's stocks and dampen the urgency among investors to engage with these stocks.
Concerns about slowing growth and DOGE have led to a reassessment of growth expectations. Nevertheless, there remains optimism that Parsons could achieve double-digit organic revenue growth, supported by its involvement in large IIJA projects, continued momentum in the Middle East, an expanding pipeline, high win rates, and its alignment with national defense priorities.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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