Fintel reports that on February 18, 2025, William Blair upgraded their outlook for Parsons (NYSE:PSN) from Market Perform to Outperform.
Analyst Price Forecast Suggests 59.30% Upside
As of January 28, 2025, the average one-year price target for Parsons is $117.09/share. The forecasts range from a low of $101.00 to a high of $136.50. The average price target represents an increase of 59.30% from its latest reported closing price of $73.50 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Parsons is 4,830MM, a decrease of 25.81%. The projected annual non-GAAP EPS is 2.76.
What is the Fund Sentiment?
There are 879 funds or institutions reporting positions in Parsons. This is an increase of 138 owner(s) or 18.62% in the last quarter. Average portfolio weight of all funds dedicated to PSN is 0.29%, an increase of 5.12%. Total shares owned by institutions increased in the last three months by 5.47% to 124,638K shares. 
The put/call ratio of PSN is 0.62, indicating a bullish outlook.
What are Other Shareholders Doing?
Newport Trust holds 53,506K shares representing 50.39% ownership of the company. In its prior filing, the firm reported owning 54,862K shares , representing a decrease of 2.53%. The firm decreased its portfolio allocation in PSN by 13.28% over the last quarter.
Artisan Partners Limited Partnership holds 2,070K shares representing 1.95% ownership of the company. In its prior filing, the firm reported owning 557K shares , representing an increase of 73.09%. The firm increased its portfolio allocation in PSN by 234.74% over the last quarter.
Earnest Partners holds 2,065K shares representing 1.94% ownership of the company. In its prior filing, the firm reported owning 2,094K shares , representing a decrease of 1.39%. The firm decreased its portfolio allocation in PSN by 9.93% over the last quarter.
Invesco holds 2,056K shares representing 1.94% ownership of the company. In its prior filing, the firm reported owning 1,801K shares , representing an increase of 12.44%. The firm decreased its portfolio allocation in PSN by 91.21% over the last quarter.
T. Rowe Price Investment Management holds 1,853K shares representing 1.75% ownership of the company. In its prior filing, the firm reported owning 2,830K shares , representing a decrease of 52.70%. The firm decreased its portfolio allocation in PSN by 40.39% over the last quarter.
Parsons Background Information
(This description is provided by the company.)
Parsons is a leading disruptive technology provider in the global defense, intelligence, and critical infrastructure markets, with capabilities across cybersecurity, missile defense, space, connected infrastructure, and smart cities.
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This story originally appeared on Fintel.
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