Indonesia’s stock benchmark falls 0.7% to 7,899.89 at open

Indonesia’s stock benchmark falls 0.7% to 7,899.89 at open

Indonesia’s stock benchmark, the Jakarta Composite Index (JCI), experienced a 0.7% decline to 7,899.89 at the open on July 2, 2025. This drop comes amidst a wave of target price adjustments for PAR Technology (NYSE:PAR) by various brokerage firms. While the broader market sentiment remains cautious, the individual performance of PAR Technology has been a subject of interest among analysts.

Benchmark Securities recently lowered its price target for PAR Technology from $92.00 to $77.00, while maintaining a buy rating on the stock [1]. This adjustment follows similar moves by other brokerages. Needham & Company LLC reaffirmed a buy rating with a $90.00 target price, while Goldman Sachs boosted its objective from $57.00 to $65.00 with a neutral rating [1]. BTIG Research upgraded PAR Technology from a neutral to a buy rating with a $65.00 target price [1].

The consensus rating for PAR Technology remains "Moderate Buy" with a target price of $78.43 [1]. Despite the recent price target adjustments, PAR Technology’s stock has seen a 6.5% increase, trading at $54.5370 during mid-day trading on Tuesday, August 19, 2025 [1]. The company’s latest earnings report showed a quarterly earnings per share (EPS) of $0.03, missing the consensus estimate of $0.04. Revenue for the quarter was $112.40 million, up 43.8% year-over-year [1].

Institutional investors have also shown interest in PAR Technology. Huntington National Bank, Caitong International Asset Management Co. Ltd., Advisors Asset Management Inc., Versant Capital Management Inc., and NBC Securities Inc. have increased their stakes in the company's stock [1]. This increased institutional interest could provide a support base for the stock's performance.

Despite the positive institutional interest and recent stock performance, the broader market remains cautious. The Jakarta Composite Index's decline reflects a broader market sentiment that may be influenced by global economic uncertainties and regional geopolitical tensions. As analysts continue to adjust their price targets and ratings, investors should closely monitor the evolving sentiment and performance of PAR Technology and the broader Indonesian market.

References:
[1] https://www.marketbeat.com/instant-alerts/benchmark-lowers-par-technology-nysepar-price-target-to-7700-2025-08-19/