Analysts Are Bullish on These Technology Stocks: Par Technology (PAR), Allot (ALLT)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Par Technology (PAR – Research Report) and Allot (ALLT – Research Report) with bullish sentiments.

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Par Technology (PAR)

In a report released today, Eric Martinuzzi from Lake Street maintained a Buy rating on Par Technology, with a price target of $65.00. The company’s shares closed last Wednesday at $35.75.

According to TipRanks.com, Martinuzzi is a 5-star analyst with an average return of 12.7% and a 50.7% success rate. Martinuzzi covers the Technology sector, focusing on stocks such as SoundThinking Inc, Extreme Networks, and One Stop Systems. ;'>

Currently, the analyst consensus on Par Technology is a Strong Buy with an average price target of $66.71, representing an 80.3% upside. In a report issued on October 7, BTIG also maintained a Buy rating on the stock with a $65.00 price target.

See the top stocks recommended by analysts >>

Allot (ALLT)

Northland Securities analyst Nehal Chokshi reiterated a Buy rating on Allot today and set a price target of $15.00. The company’s shares closed last Wednesday at $10.43.

According to TipRanks.com, Chokshi is a 5-star analyst with an average return of 25.4% and a 60.0% success rate. Chokshi covers the Technology sector, focusing on stocks such as CSG Systems International, Super Micro Computer, and Palo Alto Networks. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Allot with a $15.00 average price target, a 43.0% upside from current levels. In a report issued on October 10, William Blair also maintained a Buy rating on the stock.

Read More on PAR:

Disclaimer & DisclosureReport an Issue

• Positive Outlook for Par Technology Amid Strategic Opportunities and Market Demand
• Par Technology management to meet virtually with BTIG
• Down More Than 30%: Analysts Spot Attractive Entry Points in 2 Beaten-Down Stocks
• Par Technology: Strategic Positioning and Growth Potential Amidst Temporary Setbacks