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Parsons Corporation (NYSE:PSN) Faces Market Adjustments Amid Strategic Wins
Financial Modeling Prepยท 2025-12-12 00:00
Core Viewpoint - Parsons Corporation is a significant player in the defense and infrastructure sectors, focusing on technology-driven solutions and competing for government contracts [1] Group 1: Company Overview - Parsons Corporation trades under the symbol NYSE:PSN and has a market capitalization of approximately $6.99 billion [1] - The company specializes in defense, intelligence, and critical infrastructure solutions [1] Group 2: Recent Developments - On December 11, 2025, Jefferies adjusted its rating for Parsons to "Hold," with the stock priced at around $65.50 and a revised price target lowered from $90 to $75 [2][6] - Parsons secured an $88 million task order to enhance air defense systems at the USAFE-AFAFRICA in Germany, increasing the total value under the ABAD program to approximately $192 million for 2025 [3][6] - The three-year contract includes hardware procurement, system integration, and specialized training to ensure operational readiness and enhanced security capabilities [4] Group 3: Stock Performance - Currently, NYSE:PSN is priced at $65.44, experiencing a 2.36% decrease today, with a trading range between $65.32 and $67 [5] - Over the past year, the stock has seen a high of $99.04 and a low of $54.56, with a trading volume of 823,157 shares [5]