Stephens initiated coverage of Par Technology with an Equal Weight rating and $43 price target. The analyst sees Par as well positioned to drive 20% annual recurring growth while capitalizing on demand for loyalty, point of sale and back-office solutions. The firm finds the stock’s risk/reward as “reasonable” following the 46% year-to-date rally.
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Read More on PAR:
- Par Technology price target raised to $46 from $39 at Lake Street
- Par Technology price target raised to $43 from $35 at Goldman Sachs
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