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Analysts Offer Insights on Technology Companies: Parsons (PSN) and Ouster (OUST)

Tipranks - Tipranks - Thu Jun 18, 4:14PM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Parsons (PSN) and Ouster (OUST) with bullish sentiments.

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Parsons (PSN)

Truist Financial analyst Tobey Sommer maintained a Buy rating on Parsons today. The company’s shares closed last Wednesday at $54.82, close to its 52-week low of $54.56.

According to TipRanks.com, Sommer is a 4-star analyst with an average return of 4.5% and a 53.2% success rate. Sommer covers the Industrial Goods sector, focusing on stocks such as Andersen Group, Inc. Class A, Amentum Holdings, Inc., and GFL Environmental. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Parsons with a $68.00 average price target, a 23.0% upside from current levels. In a report issued on June 3, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $67.00 price target.

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Ouster (OUST)

In a report released today, Sujeeva De Silva from Roth MKM maintained a Buy rating on Ouster, with a price target of $75.00. The company’s shares closed last Wednesday at $40.72.

According to TipRanks.com, Silva is a top 100 analyst with an average return of 57.1% and a 59.2% success rate. Silva covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Advanced Micro Devices, and indie Semiconductor. ;'>

Currently, the analyst consensus on Ouster is a Strong Buy with an average price target of $49.00, a 10.3% upside from current levels. In a report issued on June 7, TipRanks – xAI also reiterated a Buy rating on the stock with a $44.00 price target.

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