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Parsons (PSN) Announces Expansion of Its iNET Smart Mobility Platform

Parsons Corporation (NYSE:PSN) is one of the 7 overlooked tech stocks to buy right now.

wal_172619/Pixabay.com

As of March 27, 2026, roughly 80% of covering analysts remain bullish on Parsons Corporation (NYSE:PSN), while the consensus price target of $80.00 implies over 50% upside.

The company’s iNET Smart Mobility Platform is rapidly expanding to support transportation agencies across North America looking to modernize their operations, Parsons Corporation (NYSE:PSN) announced in a press release on March 23, 2026. The platform supports the transformation from reactive traffic management to proactive, AI-driven operations, bolstering safety, dependability, and efficiency.

Parsons Corporation (NYSE:PSN)’s notable deployments for this platform include Georgia’s comprehensive Advanced Traffic Management System, Michigan’s US 23 Flex Route (which resulted in a 34% reduction in overall accidents), and New Jersey’s cloud-based statewide traffic system, which combines legacy systems for better coordination.

Regional programs, such as the AllRoads system in Western New York and Southern Ontario, combine real-time data from multiple sources, including transit and weather systems. With these deployments, the company is offering faster maintenance, greater roadway visibility, and better incident response.

Parsons Corporation (NYSE:PSN) applies the same technology to Middle Eastern smart-city programs, demonstrating scalable, software-driven operations that improve mobility outcomes without requiring infrastructure expansion.

The update reflects the robust progress the company is making in its integrated, software-enabled operations, helping it retain analyst confidence.

Parsons Corporation (NYSE:PSN) delivers transformative technology in national security and infrastructure, encompassing AI-driven transportation, cybersecurity, space, missile defense, and comprehensive engineering solutions globally.

While we acknowledge the risk and potential of PSN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PSN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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Wall Street calls this $3 stock a “Melting Ice Cube.” They said the same thing about BTI before it returned 90%.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

My name is Inan Dogan. I’m the co-founder and Research Director of Insider Monkey. I have an important message for you today.

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We looked under the cover and realized they were wrong.

We alerted our subscribers, and BTI returned 90% in just 16 months.

Now if you had invested just $10,000 in BTI in June 2024, you’d be sitting on $19,000 in October 2025.

Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

While the market panics over a surface-level revenue decline, our PhD-led research shows management has actually surgically cut $100 million in waste to focus on high-margin growth.

This pattern is a hallmark of our 16.5% annual return track record. The current opportunity offers a 400% upside potential—dwarfing even our 90% BTI return.

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