Lake Street lowered the firm’s price target on Par Technology to $42 from $46 and keeps a Buy rating on the shares. While the firm “likes the sound of more tier 1 business” in the pipeline, a reduced Government forecast makes it more conservative with its 2024 total revenue growth rate, says the analyst, who also made allowances for higher 2024 opex in pursuit of large enterprise opportunities.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on PAR:
- Par Technology reports Q3 EPS (56c), consensus (35c)
- Par Technology (PAR) Q3 Earnings Cheat Sheet
- Loop Capital retail/hardlines analysts hold an analyst/industry conference call
- Loop Capital retail analysts to hold an analyst/industry conference call
- Par Technology initiated with an Equal Weight at Stephens