Parsons Corporation (PSN) Tops Q2 EPS by 10c; Offers Guidance

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Go back to Parsons Corporation (PSN) Tops Q2 EPS by 10c; Offers Guidance

TD Cowen on Parsons Corp. (PSN): 'C26 sales/EBITDA guidance is now 5%/19% below Street'

July 29, 2026 9:58 AM EDT

TD Cowen analyst Gautam Khanna reiterated a Buy rating and $72.00 price target on Parsons Corp. (NYSE: PSN).

The analyst comments "Q2 EPS/EBITDA beat by 13%/5% excl. 1x charges. FS & CI book/bill were strong at 1.3x & 1.1x, respectively. PSN lowered its C26 guidance partly to reflect divestitures ($77MM) & 1x Q2 charges on a JV ($41MM). C26 sales/EBITDA guidance is now 5%/19% below Street. Q2... More