PSN Price Prediction Next Week
Analysis and Insights
To predict the stock price of Parsons Corporation (PSN) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
The current price of PSN is $60.79 as of 2025-03-10. Key technical indicators include:
- RSI (6, 12, 14): 49.29, 34.18, 32.30 respectively, indicating the stock is in a bearish trend.
- StochK/D (14, 3, 3): 18.88/14.72, suggesting oversold conditions.
- MACD (12, 26, 9): -6.51, indicating bearish momentum.
- Fibonacci Levels: Resistance at 60.94 and 62.62; Support at 55.50 and 53.81.
News Sentiment and Analyst Ratings:
Recent downgrades by TD Cowen to Hold with a reduced price target of $56 reflect concerns over growth deceleration and guidance revisions. Despite some analysts maintaining a Buy rating, the overall sentiment has shifted negatively.
Conclusion:
Based on the bearish technical indicators and negative analyst sentiment, Parsons Corporation (PSN) is expected to decline to $53.81 in the next trading week. The recommendation is to sell due to the bearish trend and resistance levels.
PSN Similar Chart Price Prediction
The price of PSN is predicted to go up -39.82%, based on the high correlation periods with UPC. The similarity of these two price pattern on the periods is 99.38%.
PSN
UPC
Down: -39.82%Similarity: 99.38%
PSN Revenue Forecast
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PSN Analyst's Forecast
Josh Sullivan
Benchmark
Strong Buy
2025-02-26
Price Target
$90
Upside
+52.34%
Benchmark lowered the firm's price target on Parsons to $90 from $130 and keeps a Buy rating on the shares. While the firm has lowered its target to reflect the reality of industry multiples as DOGE fears peak, it views Parsons as "a baby-out-with-the-DOGE-water buying opportunity," the analyst tells investors. Parsons is "a leader" as far as names within the group with several catalysts ahead, limited DOGE exposure, and likely long-term net gains from an industry more focused on efficiency, the analyst tells investors.
Louie DiPalma
William Blair
Buy → Hold
2025-02-21
Price Target
n/a
Downside
0%
Andrew Wittmann
Baird
Buy
2025-02-20
Price Target
$125 → $78
Upside
+25.91%
