William Blair analyst Louie DiPalma has maintained their bullish stance on PSN stock, giving a Buy rating yesterday.
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Louie DiPalma has given his Buy rating due to a combination of factors that support Parsons’ growth outlook and strategic positioning. He views the Altamira acquisition favorably, highlighting that Parsons is adding high-value capabilities in missile warning, advanced analytics, SIGINT, cyber, and space-based mission support at a purchase price he considers reasonable relative to expected 2026 earnings. The deal is expected to bring meaningful revenue in 2026 with attractive margins, reinforcing Parsons’ role in key defense areas tied to national security priorities.
DiPalma also underscores that Altamira strengthens Parsons’ alignment with major U.S. defense initiatives, particularly integrated missile defense architectures associated with the Golden Dome effort. Beyond defense, he points to multiple secular growth drivers, including U.S. infrastructure modernization under the IIJA and future transportation legislation, as well as robust infrastructure activity in the Middle East. Even though Parsons did not secure the FAA BNATCS contract, DiPalma believes the company remains well positioned to benefit from broader FAA air traffic modernization, and he notes that the Altamira contribution effectively offsets the lost BNATCS revenue in his model, supporting a constructive view on the shares.
DiPalma covers the Technology sector, focusing on stocks such as Parsons, ViaSat, and Caci International. According to TipRanks, DiPalma has an average return of 10.8% and a 65.60% success rate on recommended stocks.
In another report released yesterday, UBS also maintained a Buy rating on the stock with a $104.00 price target.