Roth Capital Upgrades Parade Technologies Ltd. (PAR) to Buy

Roth Capital analyst Andrew Scutt upgraded Parade Technologies Ltd. (NYSE: PAR) from Neutral to Buy with a price target of $36.00 (from $20.00).

The analyst comments "Upgrading PAR to Buy (from Neutral) and raise our target to to $36 (from $20) as we expect a rapid return to growth for Brink SaaS revenue. Revenue through the register is already back to pre-COVID levels across PAR's customer base. Addressing white space at existing customers is likely to rapidly double ARR, as slow adopters look to streamline delivery and curbside pickup. We expect a $50m ARR exiting 2021."

For an analyst ratings summary and ratings history on Parade Technologies Ltd. click here. For more ratings news on Parade Technologies Ltd. click here.

Shares of Parade Technologies Ltd. closed at $28.33 yesterday.

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