Priority Technology Holdings Faces Operational Risks: Cyberattacks and Disasters Threaten Service Continuity

Priority Technology Holdings (PRTH) has disclosed a new risk, in the Technology category.

Priority Technology Holdings faces significant business risk due to potential operational failures that could disrupt the availability of its products and services. These disruptions, stemming from technology malfunctions or external events such as cyberattacks and natural disasters, could damage client relationships and incur substantial costs. A prolonged service interruption might lead to data loss, reduced revenue, and a tarnished reputation, prompting clients to seek alternative providers. To mitigate these risks, the company may need to invest heavily in business continuity and disaster recovery plans, which could impact its financial condition.

The average PRTH stock price target is $14.00, implying 80.65% upside potential.

To learn more about Priority Technology Holdings’ risk factors, click here.