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How to boot a macOS guest in safe mode:
https://kb.parallels.com/en/124181
... so verbose would be like this:
devices.mac.boot_args="-v"
I tried installing the Xcode 15 beta, but it made no difference: the macOS 14 Sonoma guest still hangs at boot, using the default Apple Metal graphics driver, both with the Apple and Parallels hypervisor; while with the "old" Parallels non-Metal graphics driver, it works fine (but of course in a less usable way: sluggish and with no transparency effects)...
Sonoma was available Day-1 on Intel:
View attachment 20882