New Jersey DOT Introduces Statewide Advanced Traffic Management System Utilizing Parsons' iNET® Smart Mobility Solution
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Updated: Aug 21 20250mins
Successful Launch: Parsons Corporation announced the go-live of New Jersey's Statewide Advanced Traffic Management System (ATMS) powered by their Intelligent NETworks (iNET®) solution, in collaboration with HNTB Corporation.
Enhanced Traffic Management: The iNET® system provides NJDOT with a unified platform for traffic management, including features like ITS device control and automated incident detection, improving safety and efficiency on the roads.
Recognition: The ATMS project received the 2025 Excellence in Engineering Award at the New Jersey Alliance for Action's Distinguished Engineering Awards, highlighting its innovative impact.
Company Overview: Parsons is recognized as a leading technology provider in national security and infrastructure markets, offering solutions across various sectors including transportation and urban development.
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Analyst Views on PSN
Wall Street analysts forecast PSN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PSN is 97.00 USD with a low forecast of 90.00 USD and a high forecast of 107.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
7 Buy
1 Hold
0 Sell
Strong Buy
Current: 65.890
Low
90.00
Averages
97.00
High
107.00
Current: 65.890
Low
90.00
Averages
97.00
High
107.00
Jefferies
Sheila Kahyaoglu
Hold
downgrade
$90 -> $75
2025-12-11
New
Reason
Jefferies
Sheila Kahyaoglu
Price Target
$90 -> $75
2025-12-11
New
downgrade
Hold
Reason
Jefferies analyst Sheila Kahyaoglu lowered the firm's price target on Parsons to $75 from $90 and keeps a Hold rating on the shares. The firm lowered its Q4 revenue estimate 2% to $1.67B to reflect slower contract conversion post shutdown, the analyst tells investors in a research note. While the FAA modernization contract did not go Parsons' way, the firm's -1% organic decline in 2026 is being lowered from +5% to reflect a slower contracting environment on the $58B pipeline, Jefferies says.
Citi
John Godyn
initiated
$86
2025-12-11
New
Reason
Citi
John Godyn
Price Target
$86
2025-12-11
New
initiated
Reason
Citi analyst John Godyn initiated coverage of Parsons with a Buy rating and $86 price target. The firm launched coverage on 24 stocks in the aerospace and defense sector, saying the group faces a "number of megatrends" across commercial aerospace, defense, shipbuilding, and space. Citi sees these trends creating at least one trillion-dollar market cap company in the coming years. GE Aerospace could get there in as little as five years, Citi contends. The firm calls RTX "the Marquee Megatrend stock" and believes Boeing is an "unusually attractive mega-cap turnaround" story. The analyst expects improving trends in Q4 and continued momentum in Q1 for the sector.
TD Cowen
Hold
to
Buy
upgrade
$90 -> $75
2025-12-10
New
Reason
TD Cowen
Price Target
$90 -> $75
2025-12-10
New
upgrade
Hold
to
Buy
Reason
TD Cowen upgraded Parsons to Buy from Hold with a price target of $75, down from $90. The shares are down 23% since the Federal Aviation Administration contract was awarded on December 4, which creates an attractive entry point, the analyst tells investors in a research note. TD views the selloff as "excessive" given the below10% EBITDA cut to Parsons from losing the contract. It upgrades the shares citing an attractive risk/reward.
Citi
NULL -> Buy
upgrade
2025-12-09
New
Reason
Citi
Price Target
2025-12-09
New
upgrade
NULL -> Buy
Reason
Citi raised the firm's price target on Persimmon to 1,613 GBp from 1,541 GBp and keeps a Buy rating on the shares.
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About PSN
Parsons Corporation is a disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Its Federal Solutions segment provides advanced technical solutions to the United States government. This segment provides advanced technologies, supporting national security missions in cyber operations, missile defense, and military facility modernization, logistics support, hazardous material remediation and engineering services. Its Critical Infrastructure segment offers integrated engineering and management services for complex physical and digital infrastructure around the globe. This segment is a technology innovator focused on next-generation digital systems and complex structures. It also develops advanced, warfighter-focused solutions for military and security applications.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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