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Parsons Corporation (PSN): A Bull Case Theory

We came across a bullish thesis on Parsons Corporation (PSN) on wallstreetbets Subreddit Page by No_Layer2027. In this article, we will summarize the bulls’ thesis on PSN. Parsons Corporation (PSN)'s share was trading at $66.91 as of May 14th. PSN’s trailing P/E was 28.47 according to Yahoo Finance.

[caption id="attachment_516191" align="aligncenter" width="750"] Copyright: scanrail / 123RF Stock Photo[/caption]

Parsons (PSN), a $7 billion U.S. infrastructure and defense contractor, is poised for a valuation rerating following its inclusion in a major $243 billion U.S.–Qatar...