Par Technology Upgraded to Buy with $65 PT at BTIG

BTIG upgraded Par Technology to Buy from Neutral with a $65 price target, citing the company's $100M sales pipeline and potential for 15%-plus growth over the next few years. The analyst believes Par is the "premiere" enterprise restaurant tech solution and deserves a premium multiple. Par is competing for three "megadeals" with top-20 restaurant brands, which could push growth to 20%.

Shares of PAR Technology, a leading provider of restaurant technology solutions, surged by 3.6% on July 2, 2025, following a significant upgrade in its analyst rating from BTIG. The brokerage firm revised the rating from 'Neutral' to 'Buy', setting a price target of $65.00 USD [1]. This upgrade comes on the heels of positive sentiments from other analysts, including Needham, which has maintained a 'Buy' rating with a price target of $90.00 USD [1].

The upgrade by BTIG is based on the company's robust sales pipeline and potential to secure large enterprise deals. The brokerage estimates that PAR's $100 million sales pipeline, with a historical win rate of 60%, could translate into $60 million in contracts over the next year [3]. Additionally, PAR is competing for three major deals with top global restaurant chains, which could significantly boost growth [3].

Despite missing earnings per share (EPS) estimates, PAR Technology reported a 43.8% year-over-year (YoY) revenue growth for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 4.14% [2]. The company's quarterly earnings came in at $0.03 per share, which was below the Zacks Consensus Estimate of $0.04 per share but marked an improvement from the previous year's loss of $0.23 per share [2].

The upgrade from BTIG, coupled with the company's strong revenue growth and promising pipeline, indicates a positive outlook for PAR Technology. Investors may want to keep an eye on the company's earnings call for further insights into the sustainability of its recent performance and future growth prospects.

References:
[1] https://www.gurufocus.com/news/3064454/par-technology-par-receives-upgrade-to-buy-from-btig-analyst-par-stock-news
[2] https://www.sharewise.com/us/news_articles/PAR_Technology_PAR_Q2_Earnings_Lag_Estimates_Zacks_20250808_1445
[3] https://www.investing.com/news/stock-market-news/btig-upgrades-par-technology-on-strong-pipeline-and-longterm-growth-potential-4195509