TD Cowen downgraded Parsons from Buy to Hold and set a new price target of $105.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/24/2025 | $81.00 | Buy | Stifel |
| 5/5/2025 | $65.00 | Buy → Hold | Jefferies |
| 5/1/2025 | $69.00 | Outperform → Neutral | Robert W. Baird |
| 2/21/2025 | Outperform → Mkt Perform | William Blair | |
| 2/21/2025 | $105.00 | Buy → Hold | TD Cowen |
| 2/18/2025 | Mkt Perform → Outperform | William Blair | |
| 1/23/2025 | Outperform → Mkt Perform | William Blair | |
| 1/2/2025 | Outperform → Mkt Perform | Raymond James |
CHANTILLY, Va., July 01, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has acquired Maryland-based Chesapeake Technologies International, Corp (CTI), a portfolio company of Bluestone Investment Partners, in a transaction valued at $89 million. Founded in 2000, CTI strengthens Parsons' defense customer posture with the Special Operations forces and enhances Parsons' position in the Indo-Pacific Command (INDOPACOM) area of operations. CTI brings extensive capabilities as an all-domain technology solutions provider, powered by cutting-edge products that enhance the warfighters' ability to sense, evaluate and deliver effects within the invisible battlespaces.
CHANTILLY, Va., June 24, 2025 (GLOBE NEWSWIRE) -- Today, Parsons Corporation (NYSE:PSN) and IBM (NYSE:IBM) announced a collaboration to deliver on President Donald Trump's and Transportation Secretary Sean Duffy's vision for a brand new, state of-the-art air traffic control system. This collaboration directly responds to Secretary Duffy's call for world-class innovators to rapidly spearhead the overhaul of the Federal Aviation Administration's (FAA) National Airspace System (NAS), prioritizing an open vendor agnostic approach that enables the agency to leverage the latest technologies and continuously improve their systems based on real-time feedback and evolving needs. Parsons would serve
CHANTILLY, Va., June 23, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company was ranked #1 on Engineering News-Record's (ENR) annual list of Top 50 Program Management Firms. This ranking, which is two spaces ahead of the company's spot from the 2024 list, demonstrates the company's global leadership and top performance in complex program management and program delivery for the world's toughest projects. "Parsons is the world's leading solutions delivery partner," said Carey Smith, chair, president, and CEO for Parsons. "Customers around the world trust Parsons' to deliver results on their most complex and challenging programs, leveraging our depth of e