Dranishnikova Maria

Maria Dranishnikova

Oninvest reporter
Analysts see strong upside potential in these three small-cap stocks / Photo: Facebook / Parpointofsale

Analysts see strong upside potential in these three small-cap stocks / Photo: Facebook / Parpointofsale

TipRanks contributor Kirti Tak has highlighted three "strong buy" small caps investors should watch. All have declined year to date, yet Wall Street sees more than 95% upside in each.

PAR Technology

PAR Technology, a software company focused on cloud-based POS systems, payments, and digital tools for restaurants, has a market value of less than $847 million. Its customers include the Papa Johns and Jack's Family Restaurants.

Year to date, PAR shares are down about 42% at $20.86 apiece. Wall Street remains bullish: the stock carries nine “buy” recommendations from analysts versus only one “hold.” The average target price is $59.11 per share, implying more than 183% upside versus the closing level of the previous trading session on Friday.

Braze

Braze, whose Nasdaq market capitalization is $2.16 billion, owns an AI platform that enables enterprise clients to deliver personalized marketing campaigns and various online events.

Since the beginning of the year, the company’s shares have fallen almost 49%. Against this backdrop, several Wall Street analysts have lowered their target prices, with the average now at $44.95 per share, almost 154% above its value at the close of trading on Friday. All 22 Wall Street analysts covering the company recommend the stock as a “buy.”

MNTN

MNTN, a tech company with a market capitalization of $752 million, is developing a platform for contextual advertising on internet-connected TVs.

MNTN shares have fallen almost 14% since the beginning of the year. However, Wall Street sees about 99% upside. The stock carries eight “buy” ratings from analysts versus a single “hold.”

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