PSN Price Prediction Next Week
Based on the recent data and technical analysis, here's the prediction for PSN's stock price next week:
Technical Analysis
- Current RSI (14) at 27.87 indicates oversold conditions
- MACD at -4.54 shows strong bearish momentum
- Moving averages indicate downward trend with SMA20 at 85.11 and SMA60 at 92.49
Recent Events Impact
- PSN shares plunged 10.04% on January 23rd
- Recent acquisition of TRS Group for $36 million on February 4th, but the stock showed minimal positive reaction
Fibonacci Levels
- Support levels: S1 at 76.68, S2 at 74.79, S3 at 71.72
- Resistance levels: R1 at 82.83, R2 at 84.72, R3 at 87.80
- Pivot point: 79.76
Price Prediction for Next Week Target price range: $74.50 - $77.00
Trading Recommendation: SELL
- Current technical indicators show strong bearish momentum
- Despite recent acquisition news, stock lacks upward catalyst
- Price likely to test S2 support level at 74.79
- Optimal selling point would be any bounce toward 78.00 level
PSN Similar Chart Price Prediction
The price of PSN is predicted to go up 22.92%, based on the high correlation periods with DAN. The similarity of these two price pattern on the periods is 98.76%.
PSN
DAN
Up: 22.92%Similarity: 98.76%
PSN Revenue Forecast
PSN EPS Forecast
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PSN Analyst's Forecast
Sheila Kahyaoglu
Jefferies
Strong Buy
2025-01-24
Price Target
$110 → $100
Upside
+19.35%
Jefferies analyst Sheila Kahyaoglu lowered the firm's price target on Parsons to $100 from $110 and keeps a Buy rating on the shares. The firm says tough compares could weigh on the shares coming off of 23% organic growth in 2023 and 224 to 5% in 2025 and 2026. The analyst reduced estimates for Parsons on the tough comps and cut the stock's multiple "on how wildly shares can move over unfounded news" in addition to Department of Government Efficiency fears. Jefferies believes Parsons is at risk of tough comps, not contract losses, as it will not have a hole of $550M, or 8% of sales, from a Department of State humanitarian contract for the foreseeable future.
Louie DiPalma
William Blair
Buy → Hold
2025-01-23
Price Target
n/a
Downside
0%
Sangita Jain
Keybanc
Buy
2025-01-08
Price Target
$122 → $102
Upside
+11.04%
