Analysts’ Top Technology Picks: Par Technology (PAR), Echostar (SATS)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Par Technology (PAR – Research Report), Echostar (SATS – Research Report) and D-Wave Quantum (QBTS – Research Report) with bullish sentiments.

Par Technology (PAR)

In a report released today, Mayank Tandon from Needham reiterated a Buy rating on Par Technology, with a price target of $90.00. The company’s shares closed last Friday at $64.73.

According to TipRanks.com, Tandon has 0 stars on 0-5 stars ranking scale with an average return of -3.8% and a 38.2% success rate. Tandon covers the Technology sector, focusing on stocks such as International Money Express, SS&C Technologies Holdings, and Grid Dynamics Holdings.

Par Technology has an analyst consensus of Strong Buy, with a price target consensus of $84.40, representing a 39.6% upside. In a report issued on May 2, Lake Street also maintained a Buy rating on the stock with a $82.00 price target.

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Echostar (SATS)

In a report released today, Gregory Williams from TD Cowen maintained a Buy rating on Echostar, with a price target of $28.00. The company’s shares closed last Friday at $24.19.

According to TipRanks.com, Williams is a 1-star analyst with an average return of -3.3% and a 45.6% success rate. Williams covers the NA sector, focusing on stocks such as Frontier Communications Parent, Charter Communications, and Lumen Technologies.

Currently, the analyst consensus on Echostar is a Moderate Buy with an average price target of $28.00.

D-Wave Quantum (QBTS)

In a report released today, David Williams from Benchmark Co. maintained a Buy rating on D-Wave Quantum, with a price target of $14.00. The company’s shares closed last Friday at $11.09, close to its 52-week high of $11.95.

According to TipRanks.com, Williams is a 5-star analyst with an average return of 24.4% and a 47.5% success rate. Williams covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Lattice Semiconductor, and Rigetti Computing.

D-Wave Quantum has an analyst consensus of Strong Buy, with a price target consensus of $11.60, implying a 17.8% upside from current levels. In a report issued on May 8, Needham also maintained a Buy rating on the stock with a $13.00 price target.

Read More on PAR:

• Par Technology’s Strong Growth Potential and Strategic Wins Justify Buy Rating and $90 Target Price
• PAR Technology Reports Strong Q1 2025 Growth
• PAR Technology Reports Robust Q1 2025 Earnings Growth
• Positive Outlook for Par Technology: Strong Margins, Strategic Wins, and Promising Growth Prospects Justify Buy Rating
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