There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Par Technology (PAR) and Sykes Enterprises (SYKE) with bullish sentiments.
Par Technology (PAR)
In a report released today, Mark Palmer from BTIG maintained a Buy rating on Par Technology, with a price target of $50.00. The company’s shares closed last Thursday at $42.57, close to its 52-week high of $46.49.
According to TipRanks.com, Palmer is a 5-star analyst with an average return of 15.2% and a 65.8% success rate. Palmer covers the Financial sector, focusing on stocks such as International Money Express, Genworth Financial, and Oportun Financial.
Par Technology has an analyst consensus of Strong Buy, with a price target consensus of $47.00.
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Sykes Enterprises (SYKE)
Barrington analyst Vincent Colicchio maintained a Buy rating on Sykes Enterprises today and set a price target of $46.00. The company’s shares closed last Thursday at $37.81, close to its 52-week high of $40.16.
According to TipRanks.com, Colicchio is a 5-star analyst with an average return of 14.1% and a 58.0% success rate. Colicchio covers the Technology sector, focusing on stocks such as Exlservice Holdings, Insight Enterprises, and HealthStream.
Sykes Enterprises has an analyst consensus of Strong Buy, with a price target consensus of $46.67, implying a 24.9% upside from current levels. In a report released yesterday, Sidoti also maintained a Buy rating on the stock with a $49.00 price target.
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