Truist upgraded Parsons from Hold to Buy and set a new price target of $60.00 from $50.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/23/2025 | Outperform → Mkt Perform | William Blair | |
| 1/2/2025 | Outperform → Mkt Perform | Raymond James | |
| 12/12/2024 | $103.00 → $111.00 | Neutral → Buy | Goldman |
| 10/23/2024 | $115.00 | Strong Buy → Outperform | Raymond James |
| 5/3/2024 | $77.00 → $90.00 | Hold → Buy | TD Cowen |
| 5/1/2024 | $82.00 → $95.00 | Outperform → Strong Buy | Raymond James |
| 1/16/2024 | $68.00 → $75.00 | Neutral → Outperform | Robert W. Baird |
| 1/10/2024 | $74.00 | Overweight | KeyBanc Capital Markets |
William Blair downgraded Parsons from Outperform to Mkt Perform
Raymond James downgraded Parsons from Outperform to Mkt Perform
Goldman upgraded Parsons from Neutral to Buy and set a new price target of $111.00 from $103.00 previously
4 - PARSONS CORP (0000275880) (Issuer)
4 - PARSONS CORP (0000275880) (Issuer)
4 - PARSONS CORP (0000275880) (Issuer)
CHANTILLY, Va., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company was awarded a contract for a one-year option period on a confidential program in January 2025. This contract was noted as pending during the company's third quarter 2024 earnings conference call. About Parsons Parsons (NYSE:PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit parsons.com and follow us on LinkedIn and Facebook to lea
CHANTILLY, Va., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release fourth quarter and fiscal year 2024 financial results before the markets open on Wednesday, February 19, 2025. The company will host a conference call at 8:00 a.m. Eastern Time that day to discuss its earnings results and strategic corporate initiatives. Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website (https://investors.parsons.com). Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here. A replay will be available on the company's website approximat
Q3 2024 Financial Highlights Record revenue of $1.8 billion increases 28% year-over-yearRecord organic revenue growth of 26%, including six consecutive quarters with year-over-year organic growth above 20%Record net income increases 52% to $72 millionRecord adjusted EBITDA increases 31% to $167 millionRecord cash flow from operations increases by $95 million to $299 million; record trailing twelve-month operating cash flow of $587 million increases 91% over the prior twelve-month periodContract awards increase 24% to $1.8 billion, a third quarter recordAnnounced and closed BlackSignal Technologies acquisitionAfter Q3 2024 ended, Parsons entered into a definitive agreement to acquire BCC Eng
10-Q - PARSONS CORP (0000275880) (Filer)
8-K - PARSONS CORP (0000275880) (Filer)
10-Q - PARSONS CORP (0000275880) (Filer)
The company has delivered more than 500 cyber kits in total COLUMBIA, Md., Jan. 27, 2025 /PRNewswire/ -- Sealing Technologies (SealingTech), a Parsons Corporation company (NYSE:PSN), and trusted partner in providing powerful edge computing hardware and cybersecurity solutions to protect U.S. national security and private enterprises, has successfully delivered more than 500 Cyber-Fly-Away kits to U.S. defense and intelligence customers, including record production numbers during its fiscal fourth quarter, ending Dec. 31, 2024. SealingTech has successfully delivered more than 5
CHANTILLY, Va., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company was awarded a contract for a one-year option period on a confidential program in January 2025. This contract was noted as pending during the company's third quarter 2024 earnings conference call. About Parsons Parsons (NYSE:PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit parsons.com and follow us on LinkedIn and Facebook to lea
CHANTILLY, Va., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company has entered into a Cooperative Research and Development Agreement (CRADA) with the U.S. Army Command, Control, Communications, Computer, Cyber, Intelligence, Surveillance and Reconnaissance (C5ISR) Center in support of Project Linchpin, the Army's emerging Artificial Intelligence and Machine Learning (AI/ML) Program. Under the CRADA, Parsons will examine diverse datasets, models, and deployment scenarios to determine the optimal metrics, specifications, and governance for AI/ML operational use cases provided by the Project Linchpin Program. The company will also collaborat
CHANTILLY, Va., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) was named the 8th Most Trusted Company in America 2025 according to Forbes' listing of the Most Trusted Companies in America. Created in partnership with research companies HundredX, Signal AI and Glassdoor, Forbes' list combines data on a wide range of factors across four categories: employee trust, customer trust, investor trust, and media sentiment. More than 2,000 public companies based in the United States were eligible. Parsons is the only member of its peer group in the top 10. "Every day, our more than 19,000 global employees extend the company's outstanding 80-year history of excellence, innovation,
CHANTILLY, Va., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company has been awarded a $53 million, three-year contract by the Royal Commission for Riyadh City (RCRC) in Saudi Arabia for program management office (PMO) services on its Main and Ring Roads Program. "We are proud to call the RCRC a long-standing client of ours and are honored to be working on the Main and Ring Roads Program alongside them," said Martin Boson, Senior Vice President and General Manager of Parsons' Saudi Arabian operations. "With Riyadh being the most populated city in Saudi Arabia, the Program plays a fundamental role in facilitating the smooth mobility of people a
CHANTILLY, Va., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN), announced today that the official inauguration took place on 27 November 2024 for the $27 billion Riyadh Metro. Parsons is one of three consultants working as part of a Parsons-led joint venture known as the Riyadh Metro Transit Consultants (RMTC), along with Egis and SYSTRA, providing project and construction management on two of the Royal Commission for Riyadh City's (RCRC) Riyadh Metro contracts which Parsons has now successfully delivered. "From its inception, the Riyadh Metro was conceived as a transformative project to reshape urban mobility and dramatically improve the lives of residents and visitors
SC 13G/A - PARSONS CORP (0000275880) (Subject)
SC 13G/A - PARSONS CORP (0000275880) (Subject)
SC 13G/A - PARSONS CORP (0000275880) (Subject)