Parsons Corporation | PSN

Daily Technical Analysis of Parsons Corporation

Parsons hasn't moved too much today but is slightly down, it has lost -0.34% since yesterday.

Currently PSN isn't at a clear support/resistance line that seems tradable. But let's also consider momentum! Parsons has had a nice run over the last year and provided good returns to shareholders. Over the previous year, the asset has grown 56.06 percent which isn't too bad. PSN may hit some resistance around the 77.49 level, more sellers may enter the market here and push price back down. But it's definitely not guaranteed.

Analyst Ratings for Parsons By Price Target And Rating

The analysts are pretty neutral on Parsons right now, so not much useful information here. The current Analysts Sentiment Score is 6.33. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. KeyCorp provided a price target boost of 1.12% to $90.00 from $89.00 on 2024-04-19. On 2024-04-16 The Goldman Sachs Group increased their price target by 10.96% to $81.00. Truist Financial decided to move up their price target on 2024-04-09 to $100.00 which is a 19.05% increase. On 2024-04-04 there was confirmation of the previous rating by Benchmark which was Buy and provided a price target of $68.00. Robert W. Baird provided a price target boost of 13.33% to $85.00 from $75.00 on 2024-02-15. On 2023-11-17 Stifel Nicolaus increased their price target by 4.29% to $73.00. On 2023-11-16 Jefferies Financial Group increased their price target by 6.67% to $80.00. Raymond James gave a boost to their price target and moved to $69.00 from $62.00 on 2023-11-02. Bank of America announced an upgrade on 2023-08-14 from Underperform to Buy and moved up their price target to $65.00 which is a 41.3% increase.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Parsons

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Parsons

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.