Goldman Sachs Maintains Hold Rating for Par Technology with $50 Price Target

Goldman Sachs analyst Will Nance maintained a Hold rating and a $50 price target for Par Technology. The analyst covers the Technology sector and has a 43.84% success rate on recommended stocks. Par Technology's market cap is $1.89B and has a P/E ratio of -19.73. Corporate insider sentiment is negative, with 28 insiders selling their shares over the past quarter.

Goldman Sachs analyst Will Nance has maintained a Hold rating and a $50 price target for PAR Technology (NYSE:PAR). The analyst, who covers the Technology sector, has a 43.84% success rate on recommended stocks. PAR Technology's market capitalization stands at $1.89 billion, and its P/E ratio is -19.73. Notably, corporate insider sentiment is negative, with 28 insiders selling their shares over the past quarter [NUMBER:1].

PAR Technology, which provides technology solutions to the restaurant and retail industries worldwide, has seen its stock price increase by 50.1% in 2023, trading at $39.14 as of September 22, 2023. The company's market cap of $1.89 billion reflects its position in the technology sector. The analyst's Hold rating suggests caution, indicating that the company's prospects do not warrant a buy recommendation at the current price level [NUMBER:1].

The company's recent performance has been mixed, with a growing market cap and a significant increase in stock price over the past year. However, the negative insider sentiment and the Hold rating from a prominent analyst like Will Nance suggest potential risks that investors should consider. PAR Technology's upcoming earnings report on November 8, 2023, will provide further insights into the company's financial health and could influence the analyst's rating and the stock's performance [NUMBER:1].

References:
[1] https://www.marketbeat.com/stocks/NYSE/PAR/