Par Technology rises after rating upgrade at BTIG

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Shares of Par Technology (NYSE:PAR [https://seekingalpha.com/symbol/PAR]) rose about 2% on Friday after BTIG upgraded the stock to Buy from Neutral, noting that the company's pipeline will comfortably drive over three years of more than 15% growth.

The firm has set a $65 price target on the stock.

Analysts led by Andrew Harte believe that Par's $100M sales pipeline will enable the business to comfortably drive more than 15% growth for the next several years. On top of that growth, Par is competing for three "megadeals" with top-20 restaurant brands, which are not included in the $100M sales pipeline and could help drive growth to over 20%.

The analysts think Par is proving to be the premier enterprise restaurant tech solution, similar to what Toast (TOST [https://seekingalpha.com/symbol/TOST]) is for small and medium-sized businesses, or SMBs, and as such deserves a premium multiple.

Par's stock has traded about 25% lower over the last month, first from investors thinking it may be stretching to acquire Olo (OLO [https://seekingalpha.com/symbol/OLO]) (which management denied [https://seekingalpha.com/news/4482819-par-technology-says-not-bidding-for-olo]), and then more recently from disappointing second quarter 2025 results and a reduced growth outlook to mid-teens, according to the analysts.

"We see the stock's recent pullback as an attractive entry point and think growth is more likely to exceed expectations than fall short during the next year," said Harte and his team.

MORE ON PAR TECHNOLOGY

* PAR Technology Corporation 2025 Q2 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4811365-par-technology-corporation-2025-q2-results-earnings-call-presentation]
* PAR Technology Corporation (PAR) Q2 2025 Earnings Call Transcript [https://seekingalpha.com/article/4811356-par-technology-corporation-par-q2-2025-earnings-call-transcript]
* PAR Technology: Still Solid, But Sitting Tight (Downgrade) [https://seekingalpha.com/article/4797444-par-technology-still-solid-but-sitting-tight-downgrade]
* PAR Technology says not bidding for Olo [https://seekingalpha.com/news/4482819-par-technology-says-not-bidding-for-olo]
* PAR Technology targets mid-teens organic ARR growth for 2025 amid multiproduct rollout acceleration [https://seekingalpha.com/news/4482820-par-technology-targets-mid-teens-organic-arr-growth-for-2025-amid-multiproduct-rollout]