TD Cowen analyst Gautam Khanna maintains $Parsons (PSN.US)$ with a buy rating, and adjusts the target price from $117 to $105.
According to TipRanks data, the analyst has a success rate of 71.5% and a total average return of 16.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Parsons (PSN.US)$'s main analysts recently are as follows:
For the government services group, the December quarter results are expected to align with mixed bookings, while projections up to 2025 should meet analyst estimates. The fourth quarter might witness a lesser amount of new discoveries in comparison to broader industry concerns, particularly with the uncertainty around the Department of Government Efficiency's impact under the current administration. The influence of the agency might be minor; however, its critical stance could potentially limit positive market reevaluations and diminish the urgency among investors to engage with the stocks. Preference remains for entities showing robust growth prospects for 2025.
Parsons could potentially achieve double-digit organic revenue growth due to its involvement in significant IIJA projects, continued momentum in the Middle East, an expanding project pipeline, high win rates, and alignment with national defense priorities, despite existing concerns about DOGE and fears of slowing growth.
Note:
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