PAR Technology has received an upgrade to 'Buy' from BTIG analyst Andrew Harte, with a price target of $65.00 USD. This aligns with previous upgrades from other analysts, including Needham and Goldman Sachs. The company provides omnichannel cloud-based software and hardware solutions to the restaurant and retail industries. Based on the average target price from 8 analysts, the stock has an upside potential of 57.79% from the current price of $51.81.
PAR Technology (PAR, Financial) has received a significant upgrade in its analyst rating from BTIG, with analyst Andrew Harte revising the rating from 'Neutral' to 'Buy'. The price target for PAR Technology has been set at $65.00 USD, reflecting a positive outlook on the company's future prospects. This upgrade aligns with previous consistent 'Buy' ratings from Needham and Goldman Sachs, indicating a strong sentiment shift among analysts.
The company, which provides omnichannel cloud-based software and hardware solutions to the restaurant and retail industries, has seen its shares surge by 3.6% following the BTIG upgrade. The brokerage firm highlighted the company's robust sales pipeline and potential to secure large enterprise deals, which could drive annual growth exceeding 15% over the next three years. 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].
Based on the one-year price targets offered by 8 analysts, the average target price for PAR Technology Corp (PAR, Financial) is $81.75, with a high estimate of $97.00 and a low estimate of $50.00. This implies an average upside potential of 57.79% from the current price of $51.81 [1]. Additionally, the consensus recommendation from 10 brokerage firms is currently 1.8, indicating an "Outperform" status [1].
The upgrade from BTIG, coupled with the company's strong revenue growth and promising pipeline, suggests 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
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