Parsons Corporation (NYSE:PSN) Sees Positive Outlook from Barclays with a $70 Price Target

Group 1 - Parsons Corporation is a significant player in the defense and infrastructure sectors, providing technology-driven solutions to the U.S. government and other clients globally [1] - Barclays has set a price target of $70 for Parsons, indicating a potential upside of 15.61% from its current trading price of $60.55 [1][5] - The company recently secured a $100 million contract to enhance the U.S. defense industrial base's munitions production, highlighting its strategic importance to national defense [2][5] Group 2 - The stock's trading range for the day has been between $60 and $61.25, indicating some volatility [3][5] - Over the past year, Parsons' stock has experienced a high of $97.91 and a low of $54.56, reflecting market responses to its business activities and broader economic conditions [3][5] - Parsons has a market capitalization of approximately $6.46 billion, indicating its significant presence in the industry [4]