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Analysts Are Bullish on Top Technology Stocks: Rigetti Computing (RGTI), Par Technology (PAR)

Tipranks - Fri Mar 6, 10:46AM CST

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Rigetti Computing (RGTIResearch Report) and Par Technology (PARResearch Report) with bullish sentiments.

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Rigetti Computing (RGTI)

Craig-Hallum analyst Richard Shannon maintained a Buy rating on Rigetti Computing today. The company’s shares closed last Thursday at $16.12.

According to TipRanks.com, Shannon is a top 100 analyst with an average return of 63.6% and a 55.3% success rate. Shannon covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Lightpath Technologies. ;'>

Rigetti Computing has an analyst consensus of Strong Buy, with a price target consensus of $35.13, representing a 106.8% upside. In a report issued on March 3, Wedbush also maintained a Buy rating on the stock with a $40.00 price target.

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Par Technology (PAR)

In a report released today, George Sutton from Craig-Hallum maintained a Buy rating on Par Technology. The company’s shares closed last Thursday at $19.20.

According to TipRanks.com, Sutton is a 5-star analyst with an average return of 21.8% and a 48.1% success rate. Sutton covers the Technology sector, focusing on stocks such as DeFi Development Corporation, Applied Digital Corporation, and Core Scientific Inc. ;'>

Currently, the analyst consensus on Par Technology is a Strong Buy with an average price target of $33.33, which is a 77.6% upside from current levels. In a report issued on February 23, Lake Street also maintained a Buy rating on the stock with a $48.00 price target.

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