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 highlight Parsons’ strategic positioning and growth potential. The company is well-aligned with significant growth opportunities, including major projects such as the Golden Dome and air traffic control modernization under the Trump administration, as well as U.S. infrastructure improvements and the Middle East infrastructure expansion. Parsons stands out as one of the few contractors capable of managing and integrating these large-scale projects.
Furthermore, despite a past setback with a confidential contract loss, Parsons is expected to achieve approximately 10% organic revenue growth this year, with further acceleration anticipated due to new contracts. The company’s valuation is currently lower than its historical levels, suggesting potential for stock appreciation. DiPalma anticipates that as consensus numbers increase and valuation multiples adjust, Parsons’ stock could see a rise of over 20% in the coming year.
In another report released yesterday, UBS also initiated coverage with a Buy rating on the stock with a $107.00 price target.