In a report released today, Mariana Perez Mora from Bank of America Securities reiterated a Buy rating on Parsons, with a price target of $95.00.
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Mariana Perez Mora’s rating is based on several strategic factors that position Parsons for growth. The company’s portfolio is well-aligned with current macroeconomic trends and government priorities, particularly those of the Trump administration. This alignment is expected to drive significant opportunities in both of Parsons’ business segments, with a focus on federal contracts and infrastructure projects.
Parsons’ Critical Infrastructure segment is poised to benefit from increasing global demand for modernization and efficiency in infrastructure protection, transportation, and urban development. Additionally, the Federal Solutions segment is expected to gain from upcoming federal funding, including the FAA’s Brand New Air Traffic Control Systems contract. These factors, combined with Parsons’ strong positioning in both domestic and international markets, underpin the Buy rating with a price objective of $95.
In another report released yesterday, Stifel Nicolaus also reiterated a Buy rating on the stock with a $94.00 price target.